Rokiah was a successful entrepreneur in the fast-food industry. She had established ReadyWraps Sdn. Bhd. (ReadyWraps) where she and her husband were the directors of the company. 85% of the company's shares were owned by Rokiah, 10% by her husband and the rest, by her children as nominees only. Recently, Rokiah and her husband were involved in a road accident and died. Rokiah's children seek advice from you on the position of ReadyWraps after the death of their parents, whether the company was dissolved? Support your answer with one (I)
statutory provision and one (I) case authority relating to company law.