When shares are transferred from one party to another, how does the company value the shares (for stamp duty purposes)? Is it: a: A fixed value as stated in the transfer form; or b: Other considerations need to be taken into account in determining the actual value of shares of the date of transfer? Let…
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Can a company be joined as a co-petitioner in a derivative action against the company itself? Let us briefly look at the case of Koh Jui Hiong @ Koa Jui Jeong & Ors v Ki Tak Sang @ Kee Tak Sang And Another Appeal and determine the question above. Brief facts of the case One…
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In this article, we will briefly share the laws governing a liquidator, namely: How are they appointed? In a voluntary winding up scenario, via a resolution: By a member’s voluntary winding up where the company is solvent and the liquidator is appointed by the members at the members’ meeting; or By a creditors’ voluntary winding…
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