tag:blogger.com,1999:blog-37045477.post3819586755120174102..comments2023-10-15T21:42:27.426+08:00Comments on Philosophy Politics Economics: NFC Spins Itself Into A CornerUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-37045477.post-28925722784102691402012-02-29T13:04:22.114+08:002012-02-29T13:04:22.114+08:00The Memorandum & Articles of Association (M &...The Memorandum & Articles of Association (M & A )of the co. allowing for loan/s & or advance/s to director/s is meant only for an Exempt Private Co.(also a SDN.BHD.), in which none of the shareholder/s can be a co. As the Gov.t has a golden share(likely through a co.), under Section 133 of the Cos. Act (pointed out by TONY PUA earlier), NFC. cannot give loan/s & or advances except in the ordinary course of business like giving of advance for business trip or employee's housing loan(still need shareholders' approval).<br />Even if(unlikely)the co. is an Exempt Private Co., the M & A cannot over ride the terms & conditions of the RM250 Loan Agreement.Co. secretarynoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-39593964453575146042012-02-28T21:23:07.117+08:002012-02-28T21:23:07.117+08:00Their thinking I guess is that Holland Village fol...Their thinking I guess is that Holland Village folks buy a lot of prime beefAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-37045477.post-62130684050526349872012-02-28T20:14:48.743+08:002012-02-28T20:14:48.743+08:00I was told before the boy was an idiot who was ful...I was told before the boy was an idiot who was full of himself. Guess the rumours were true. Apparently takes after the father..Anonymousnoreply@blogger.com