Sunday, April 4, 2010

ABDUL AZIZ BIN ATAN & 87 ORS V LADANG RENGO MALAY ESTATE SDN BHD (1985)




Fact

All the shareholders of the company sold and transferred their entire share holdings to a certain buyer.

Summary
An incorporated company is a legal person separate and distinct from its shareholders. The company, from the date of incorporation, has perpetual succession and did not change its identity or personality even though the entire share holding of the company changed hands.

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