COMPANY LAW: ROLE PLAY SCRIPT

*Aisyah Open Camera*

Aisyah: Introduction of the group and explain the flow ie we will start with roleplay for 15min
and proceed with discussion etc.

: So let’s start! One, Two and Action!

SCENE 1

Narrator (Elys): Once upon a time, in 2012, Lim, Amir and Bob had incorporated a company
known as Alpha Sdn Bhd. This company produced and sold their own brand T-shirt and
Jeans. Lim, Amir and Bob are the directors and majority shareholders holding 60%
shares in the company.

*Lim, Amir and Bob opened their camera*

Amir: Lim, Bob I have an idea! What if we….. form a company !

Bob: Ha? Company? What do you want to sell Amir?

Lim: Hmm, I know what he wants to sell. T-shirt and Jeans isn’t it??

Amir: Haha, You know me well!

*Camera close*

SCENE 2

*Bob, Lim, Amir, Jo, PA Jo and additional shareholder open camera*

Narrator (Soufiya): After 1 year operating , they decided to appoint another director who will
own 15% shares and also invite another 5 shareholders to hold the remaining 25% shares.

Bob: Hai everyone!, I suggest that we appoint another director, what do guys say?

Lim: We’re fine with that !

Amir: Ya sure!

Bob: Jo, can you come in.

Jo: Hai guys, my name is Jo, I am going to be one of the directors and shall hold 15% shares.
Happy working with you guys. Btw, I came with my PA, Gee. To help me since I will have to go
overseas frequently. So, she will help me when I am not around.

PA Jo: Hai everyone!

Amir: Nice to see you. Hope you will enjoy working with us later.

Lim: Btw, please welcome our other shareholders. They will hold 5% of the company’s shares
respectively.

Elys: Hai I am Elys.

Soufiya: Hai I am Piya.

Abiey: Hai I am Abiey.

Elli: Hai I am Elli.

Siniy: Hai I am Siniy.

*Camera Close*

SCENE 3

*Lim, Bob, Amir, Jo, PA Jo, Syae and Najwa open camera*

Narrator (Siniy): Early of the year 2017, the majority board of directors, Lim, Amir and Bob
proposed the payment of 3% dividends since the company had made profit for the financial year
of 2016 and also to pay a one–month salary as a bonus to the company’s employees.

Lim: Okay guys, before we start this meeting, Can I know where the secretaries are?! Sleeping??

Syae: Sorry Mr Lim.

Najwa: Sorry everyone we had an emergency matter just now.

Amir: Okay, since everyone is here. Me, Bob and Lim had discussed and as the majority
shareholders, we wanted to propose payment of 3% dividends and to pay one month salary as a
bonus to company’s employees.

*Everyone nodded their fucking head except for Jo*

Syae: Sorry, can I ask? Why has the company suddenly proposed that?

Bob: We decided to propose this because our company has made a large profit for the financial
year of 2016.

Jo: No! I do not agree!

Lim: Why Jo?

Jo: 3%?? Our company should pay more dividends since this is our company’s first time going
to pay the dividend to shareholders.

PA Jo: Please calm down Mr Jo.

*Jo stand up and close the camera*

Amir: Wow, I think we should end this and convene it to another meeting.

Bob: I think so too.

*Camera close*

SCENE 4

*Jo and PA Jo open Camera*

Narrator (Elli): The board convened a general meeting to approve the resolution regarding the
payment of 3% dividends and payment of one month salary as bonus to the employees.
However, Jo was not present as he was outstation.

Jo: *Calling* Hello Gee, is there anything important matters happening in the office?

PA Jo: *while eating something* Hmmm Mr Jo, I think everything is going on as usual.
*rolling eyes*.

SCENE 5

Narrator (Abiey): While in general meeting…….

Lim: Okay everyone, hereby we approve the resolution to give 3% of dividends and payment of
one month salary as bonus to the employees.
Narrator (Abiey): Suddenly, Jo’s phone rang and he was shocked after looking at the
notification on his phone mentioning the final resolution in the meeting. He directly called Bob.

Jo: Bob! What happened? Why did you guys not inform me that you guys conducted a general
meeting while I was gone?

Bob: Hey, take your chill pills, I already informed your PA right before we start the meeting.

Jo: Seriously? On such a short notice? Are you trying to exclude me from voicing my views??

Narrator (Elys): In the meeting room, Bob and others were gossiping about Jo’s call just now.

Lim: What’s the matter Bob?

Bob: Jo called me and he disagreed with the resolutions passed.

Amir: What? Jo always left the management of the company entirely to us anyways. Why matter
now?.

Lim: Yes, plus he had only attended a few boards meeting and only two shareholder meetings

Amir: Yeah, that’s why he also never requested to have meeting through tele conference
whenever he was outstation. He always depends on his not functional PA.

Pa Jo: Umm delicious *keep eating*

SCENE 6

Narrator (Siniy): As everyone thought Jo’s was is useless, Gee discovered something and
informed Jo with regards of the matter when Jo came back from overseas.

PA Jo: Mr Jo, I am glad you are back. I found out that the board had used the company’s fund to
sponsor student activities in public universities.

Jo: Seriously? This is a misuse of funds by the director to promote themselves as philanthropists.
Secretary Syae! Call Bob and others right now!

Syae: Ha? Okay Mr Jo. *takes phone* em hello Mr Bob, Mr Jo wants to see you and others.
Seems urgent.
Narrator (Elli): Bob and others came and explained that the sponsorship formed part of
marketing strategies of the company to promote the company’s product brand amongst the
students.

SCENE 7

Narrator (Elli): After few days, Jo intends to sell his share and wanted to know the financial
status of the company as well as the value of the company’s assets.

Jo: I’m thinking of selling all my shares.

PA Jo: It’s up to you Mr Jo *act don’t care*

Jo: Haih, not helping me at all. Najwa can you do me a favor?

Najwa: Yes Mr Jo, what I can help you with?

Jo: I want to know the financial status as well as value of the company’s assets so may I request
to access to the company’s information, books and documents?

Najwa: Ouh sure, I can assist on that Mr Jo, I will ask Syieda to give you the documents as I
have some work to get done with..

Narrator (Abiey): After few moments later.

Syae: Okay Mr Jo, This is all the information for a proper evaluation of the current value of the
shares that you ask from Sectary Najwa.

Jo: *while reading* Oh my goddness!

Narrator (abiey): Jo was not satisfied with the information and requested access to all financial
documents and ask other directors to explain on the confusion after evaluating.

Jo: Everyone! *smacks desk*. Explain all this to me now! *throw away papers to camera*

Bob: Wow! Relax Jo, what happened?

Lim: For your information Jo. As member of the board you have been given all the financial
statements and this is the audited account.

Amir: Haha jo, jo. I bet you never view all the statements right? You were too busy with your
vacations right *rolling eyes*.

SCENE 8

Narrator (Piya): While going through the information provided, Jo discovered that the company
had failed to table an audited account for the year 2015. He also discovered that in the same year
there was a delay in paying tax which had caused the company to pay additional assessment rates
and a tax penalty.

Jo: *while reading the info* what? Delay of paying company tax? This will cause company to
pay additional assessment rates and tax penalty!

PA Jo: Oh My God! You need to do something!

SCENE 9: FINAL

Narrator (Najwa):With all the problems surfacing,, Jo wanted professional advice from the
lawyers. He called lawyers to his personal office and asked whether he could take legal action
against Lim, Amir and Bob, require the majority shareholders to buyout her shares and wind up
the company.

Syae: Hello everyone welcome to Mrs Jo’s office, she has a few questions regarding whether she
can take legal action against Lim, Amir and Bob, require the majority shareholders to buyout her
shares and wind up the company.

Najwa: Hm yes, hope every lawyers present today can help us to solve these matters.

*Discussion start*