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Serena is a non-executive director of two companies, LotsamunnyBhd, a large public company and Minibiz SdnBhd, a small private company which has only five shareholders.Serena urgently requires a loan of RM150,000, partly for meeting medical expenses of her mother, who requires an urgent operation, and partly to finance the purchase of a car for her husbanD、Serena is contemplating obtaining a loan from either of the two companies.Required:Advise Serena as to the legality of such a loan under theCompaniesAct, 1965 and whether your answer would differ if Minibiz SdnBhd is an exempt private company. (10 marks)

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