Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 89

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 6
Chunk 89
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 director and the nature of the responsibilities undertaken by him. In exercising the
powers of a director, the directors must exercise their powers for a proper purpose and shall not act or agree to the company acting in
a manner that contravenes our memorandum and articles of association or the BVI Act.

In certain circumstances, a shareholder has the
right to seek various remedies against the company in the event the directors are in breach of their duties under the BVI Act. Pursuant
to Section 184B of the BVI Act, if a company or director of a company engages in, proposes to engage in or has engaged in, conduct that
contravenes the provisions of the BVI Act or the memorandum or articles of association of the company, the courts of the British Virgin
Islands may, on application of a shareholder or director of the company, make an order directing the company or director to comply with,
or restraining the company or director from engaging in conduct that contravenes the BVI Act or the memorandum or articles. Furthermore,
pursuant to Section 184I(1) of the BVI Act, a shareholder of a company who considers that the affairs of the company have been, are being
or likely to be, conducted in a manner that is, or any acts of the company have been, or are likely to be oppressive, unfairly discriminatory,
or unfairly prejudicial to him in that capacity, may apply to the courts of the British Virgin Islands for an order which, inter alia,
can require the company or any other person to pay compensation to the shareholders.

Indemnification of Directors and Executive
Officers and Limitation of Liability

BVI law does not limit the extent to which a company’s
memorandum and articles of association may provide for indemnification of officers and directors, except to the extent any such provision
may be held by the BVI High Court to be contrary to public policy (e. g. for purporting to provide indemnification against the consequences
of committing a crime). An indemnity will be void and of no effect and will not apply to a person unless the person acted honestly and
in good faith and in what he believed to be in the best interests of the company and, in the case of criminal proceedings, the person
had no reasonable cause to believe that his conduct was unlawful. Our post-offering amended and restated memorandum and articles of association
permit indemnification of officers and directors for losses, damages, costs and expenses incurred in their