PLANNER LAW OF ASSOCIATION II - LAW 580

WEE
K
Topics References Tasks

S!ares an" S!are Capi#a$

- Introduction to Shares
- Meaning, types
- Classes of Shares and Class rights
Arjunan & Low, Chap. 8,
S. achagan! Chap 8
"."oon! Chap #$
%
%ecessity for &aintenance of Capital
'ro(isions li)ely to pre(ent* restrict
+watering down, of capital 'ro(isions
li)ely to pre(ent capital lea(ing
co&pany
Arjunan & Low, Chap. 8,
S. achagan! Chap 8
"."oon! Chap #$
&
'ee#in(s
-ypes of &eetings
'rocedures of &eetings
esolutions
Arjunan & Low, Chap. #.
S. achagan! Chap #.
"."oon! Chap /
'resent tutorial
pro0le&s
)
Corpora#e 'ana(e*en# an" i#s
con#ro$
- 1i(ision of powers 0etween the 2oard
and the 3eneral Meeting, 1irectors
Appoint&ent, 4uali5cation,
1is6uali5cation, 7alidation of Acts,
7acation and
e&o(al of 1irectors
Arjunan & Low, Chap. #8
"."oon! Chap 8
S. achagan! Chap #$
'resent tutorial
pro0le&s.
5
'osition of 1irectors
- As ser(ants
- As trustees
Authority to act for co&pany.
- Co&pany,s act
- Agency rules
Arjunan & Low, Chap. #8
"."oon! Chap 8
S. achagan! Chap #$
TEST
1irectors as alter ego of co&pany.
+
1uties of 1irectors
- 9iduciary duties
- 1uty of s)ill and care
- Statutory duties
Arjunan & Low, Chap. #8
"."oon! Chap 8
S. achagan! Chap #$
-utorial 'ro0le&s
,
Majority rule and Minority 'rotection
- Conse6uences of 0reach of director,s
duties
- -he rule In Foss v Harbottle
- Co&&on law e:ceptions
- -he 1eri(ati(e action
Arjunan & Low, Chap. #;
"."oon! Chap <
S. achagan! Chap #;
'resent tutorial
pro0le&s.
8
Statutory re&edies for Minority
Shareholders
Arjunan & Low, Chap. #;
"."oon! Chap <
S. achagan! Chap #;
'resent tutorial
pro0le&s.
- 'I. SE'ESTER /REAK
0
Insider dealings
Arjunan & Low, Chap. #=
"."oon! Chap #<
S. achagan! Chap #=
'resent tutorial
pro0le&s.

Co*pan0 /orro1in(s
1e0entures > nature, types
5:ed charge
?oating charge
Ad(antages and disad(antages
Arjunan & Low, Chap. ##
S. achagan! Chap ##
"."oon! Chap #.
egistration of charges, e@ect of non-
registration
Arjunan & Low, Chap. ## & 88
S. achagan! Chap ## & 88
"."oon! Chap #.
% priority of charge- e&edies of
de0enture holder
Appoint&ent of recei(er and &anager
Conse6uences
9unctions and duties
&
Arran(e*en#2 Recons#r3c#ion
Takeo4ers an" 'er(ers of co*pan0
Arjunan & Low, Chap. 8#
S. achagan! Chap 8#
"."oon! Chap #;
3roup presentation
)
A3"i#ors
- Appoint&ent , 6uali5cation and
ter&ination of oAce
- 'owers and rights
- 1uties - statutory and co&&on law.
Arjunan & Low, Chap. #/
"."oon! Chap ##
S. achagan! Chap #/ 3roup 'resentation
5
Win"in( 5p
- Modes of winding up
- (oluntary winding up
- co&pulsory winding up-
- "ho can petition
- 3rounds for petition
Li6uidator -
appoint&ent & 6uali5cation
powers, duties and lia0ilities
Arjunan & Low, Chap. 8$
S. achagan! Chap 8$
"."oon! Chap #8
3roup 'resentation
References6
#. "alter "oon! Company LawB Singapore, 9- Law &-a: Asia 'aci5c, Sweet & Ma:well
8. S. achagan, C. 'ascoe & A. Coshi! Principles of Company Law in MsiaB MLC
$. Arjunan & Low! Lipton & Herzbergs Understanding Company Law in MsiaB L2C
.. Dadden,-. Company Law and Capitalism , London, "eidenfeld and %icholson, #=;8
<. 'illay, '.%. Sorceboo! of Singapore and Malaysian Company Law Singapore, Singapore Eni(ersity
'ress #==;
/. Cheang, Loh Siew, Corporate Powers" Control# $emedies and %ecision&ma!ing# Fuala
Lu&pur#Malayan Law Cournal, #==/
;. 9ord, D.A.C., Austin, .'., a&say, I.M.B Fords Proncoples of Corporation Law# Sydney, 2utterworths.
8. 9arrar, C.D., 9urey, %.G., Danningan 2.M. Company Law' London, 2utterworths.
=. 3ower,L.C.2. Principles of Modern Company Law' London, Sweet & Ma:well.
#H. 'ennington, .. Company Law. London, 2utterworths
##. -o&asic, ., Cac)son, C. and "oellner, . Corporations Law" Principles# Policy and Process
Sydney, 2utterworths #==/
#8. 2a:t, ., 9letcher F., & 9rid&an, S.,IedsJ (fterman and )a*ts Cases and Materials on
Corporations and (ssociation Sydney2utterworths, #==/.
#$. 2oyle, A.C.,2irds, C., Company Law ,2ristol, Cordan & Sons Ltd. #=8;
#.. Sealy, L.S., Cases and Materials in Company Law , London, 2utterworths, #==8
S#a#3#es an" Re(3$a#ions6
#. Co&panies Act #=/< Ire(ised #=;$ IAct #8<J
8. -he Co&panies egulations, #=// I'.E. #;$ of #=//J
$. -he Securities Industry Act, #=8$
.. -he Securities Co&&ission Act, #==$
<. Malaysian Code on -a)eo(ers and Mergers, #==8
/. Co&pany 1irector,s Code of Gthics
;. Fuala Lu&pur Stoc) G:change Listing e6uire&ents.