UNITED RENEWABLE ENERGY CO LTD v. TS SOLARTECH SDN BHD
HIGH COURT MALAYA, KUALA LUMPUR
ONG CHEE KWAN JC
[ORIGINATING SUMMONS NO: WA-24NCC-234-05-2019]
5 AUGUST 2019
[2019] CLJ JT (6)

COMPANY LAW: Shares - Transmission of shares - Merger of companies - Passing of title of shares held by preceding company to succeeding company - Succeeding company requested to be registered as shareholder of company in respect of ordinary shares - Company refused to recognise passing of title of shares held by preceding company to succeeding company - Whether merger carried transmission of shares to succeeding company by operation of law - Whether transmission of shares ought to be registered - Whether register of members ought to be rectified - Whether succeeding company must execute share transfer form and Board resolution approving share transfer - Difference between transmission of shares and transfer of shares - Doctrine of universal succession - Companies Act 2016, ss. 103, 105(1), (4) & 109(1)