UOB BKAT3023 Business Law – Would you advise a group of accountants who wish to go into business
GROUP ASSIGNMENTCOURSECOURSE CODESEMESTERLECTURER: UNDANG UNDANGSYARIKAT/COMPANY LAW: (GLUL 3033): SESI 2015/2016 SEMESTER 2: KAMINI SHANMUGAIAHINSTRUCTIONS :i)i)ii)iii)iv)v)vi)Question carries 20 MARKS.( 10 MARKS FOR EACH QS)Answers SHOULD BE WRITTEN IN ENGLISHType your answers in 1.5 spacing using Times New Roman (font : 12)or Arial (fond : 11).Submission due date : Will Be Informed LaterPlease support your answers with relevant provisions and cases.Your answers should consist critical thinking and analysis on thecases and provisions. ( Companies Act 1965 & Cases)ANSWER BOTH QUESTION 1 & QUESTION 2QUESTIONS:Question 1:Would you advise a group of accountants who wish to go into business together, and whohope that eventually many other accountants will join them, to form a company or apartnership? What would your advice be if approached by number of persons who wishedto enter into a retail trade together? What factors would influence the advise you give.Discuss.(10 marks)Question 2:‘In later years the importance of the rule in Salomon’ case has often been exaggerated. Ithas been thought that the case laid down the proposition that in any circumstances ashareholder who controls a wholly owned company must be regarded as an entirelydifferent legal person from that of his company….In modern years, however, thatinterpretation of the rule in Salomon’s case has been considerably qualified. Modern lawlooks at the reality of the situation rather than the formal position.’ Analyse.(10 marks)
