BBBL2074: Olive Foods Sdn. Bhd. is a relatively small company incorporated in Malaysia having its business premises in Rawang: Business and Corporate Law Assignment, TARC, Malaysia

University Tunku Abdul Rahman College (TARC)
Subject BBBL2074: BUSINESS AND CORPORATE LAW

Olive Foods Sdn. Bhd. is a relatively small company incorporated in Malaysia having its business premises in Rawang, Selangor. The company carries on the business of importing and distributing food products to supermarkets and other retail outlets in Klang Valley.

Mr. Olive is the managing director of the company likewise Mr. Floro,a director appointed by the company responsible for souring an alternative olive supplier for the company in order for the company to produce olive vegan products and to manage the business of the company.

The appointment of Mr. Floro was decided by Mr. Olive who found out that the existing supplier Nana Sdn. Bhd. was making a very substantial margin on the prices it charged to the company and Mr. Olive believed that his close friend Mr. Floro was able to do a good job.

On 31.3.2022, Mr. Floro tendered his resignation as director where he intends to migrate to Australia and his resignation was accepted by the company.

On 1.6.2022, Mr. Olive found out that an estimated RM150, 000.00 costs, and expenses were incurred by the company for an overseas business trip approved by Mr. Floro solely. Mr. Olive also found out that some overseas trips were not for the benefit of the company, some overseas hotel accommodations expenses were claimed by Mr. Floro for his family trips, and these transactions were never disclosed to the board.

Mr. Olive was very furious when he was further made aware that Mr. Floro was one of the major shareholders of Nana Sdn. Bhd.

Hence, Mr. Olive also found out that Mr. Floro earned and received from the company’s suppliers a commission of 1 % during his tenure as a director in the company.

Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.

Get Help By Expert

If you want to get assignment help from a professional writing service, look no further. Our services are affordable and we ensure the papers you get are of exceptional quality. We also guarantee 100% originality and timely delivery of your orders. All our dissertation writers have advanced academic degrees and go through rigorous selection processes before joining our team to ensure they meet all the requirements of our customers. Get in touch with us today for the best assignment help in Malaysia.

Answer

Recent Solved Questions

Online Exam & Assignment Writing Services

11770+ Orders Delivered

4.9/5
5 Star Rating

Confidential & Secure Assignment Help For

Group Assignment Help

Online Exam -Test & Quiz

Cheapest Price Quote

Diploma & Certificate Levels

Semester & FYP Papers

Summative & Individual

GBA & Reflective

Last Minute Assistance

Sample Assignment Download

Malaysian Culture Essay Sample
Malaysia, a vibrant Southeast Asian nation, stands as a testament to the kaleidoscope of cultural diversity, encapsulating a rich tapestry of traditions, customs, and heritage. Rooted in a blend of…
Essay Sample
MEM673 World Class Manufacturing Assignment Example UiTM Malaysia
The course covers the historical event of how Japanese and Westerners survived after World War II to rebuild their country's economy back on track through industrialization. It also talks about…
Business

UP TO 15 % DISCOUNT

Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now

Get Assistance for Assignments, online Exam, and Projects Writing