CHAPTER 2 COMPANY LAW

Which of the following is FALSE statement?

• Company can sue and sued by its own name

• Liability of members up to company's debt

• Company is perpetual succession

• Company can acquire, own and dispose property

Company was governed by _______________

• Company Act 1965

• Company Act 1956

• Company Act 2015

• Company Act 2016

Which case define separate legal entity concept

• Salomon v Salomon & Co Ltd

• Gilford Motor V Horne

• Jones V Lipman

• Continental Tyre Ltd V Daimler

The following is NOT TRUE about Private Company

• Cannot invite public to subscribe share

• 2-50 members

• Can invite public to subscribe share

• Anual General Meetiing is an option

Which of the following NOT the requirement needed for registration of company.

• Nature of business

• Proposed registered address

• Status of private or public company

• Home address

Separate legal entities are also known as______________________________ 

• Members of company will be liable for mismanagement of company

• Members of company and the company are both liable for mismanagement of company. 

• The company and members of company are legally separated from one           another.

• Director will solely be liable for mismanagement of the company

Which of the following case describe company has continuity of life?

• Foss V Harbottle

• Re Noel Tedmen Holding Ltd

• Gilford Motor V Horne

• Jones V Lipman

Director of company shall be liable to pay the company's worker EPF if the Company does not make any payment

• True

• False

Mere sham is one of the factor that court will lift up the corporate veil to look into the wrongdoer behind the case

• True

• False

Company should ENFORCE transaction even with company character during the war. Even the government policy against doing business with enemy company.

• True

• False