【分析解答题】

StationaryCompany was a joint stock company incorporated by four natural personsA,B,C、andD、and FengliCo Ltd, with a total registered capital of RM

B、50 million yuan.During the operations of the past three years, StationaryCompany gained no profits in the financial years 2008 and 2009. In 2010 StationaryCompany gained an after-tax profit of RM
B、5 million yuan.In the beginning of 2011 the board of directors of StationaryCompany submitted to the general shareholders’ meeting for approval two resolutions. The proposed resolutions were on the following:(i) The company would distribute dividends to the shareholders on the basis of 0·10 yuan per share with all its after-tax profit of RM
B、5 million yuan for 2010;(ii) For the purpose of getting financing from the bank, the company was to place a pledge with all the shares of its shareholders to the bank.Required:Answer the following questions in accordance with the relevant provisions of theCompany Law, and give your reasons for your answer: (b) state whether proposed resolution (ii) on placing the shares as a pledge for a loan was in conformity with the law. (5 marks)