Complementing and Supporting Regulations CCR

A company can be generally classified as:

i. Limited companies

ii. Public companies and private companies

iii. Unlimited companies

Sole-proprietorship

• i only

• ii & iii

• i, ii & iii

• all of the above

What are the two new corporate rescue schemes introduced under the new  

      Companies Act 2016:

 

• Corporate rescue scheme and Voluntary winding scheme

• Voluntary management and compromise scheme

• Corporate voluntary arrangement and judicial management

• Judicial management and voluntary management

S. 10 of Company Act 2016 states that a company may be incorporated as:

i. a company limited by share

ii. a company limited by guarantee

iii. an unlimited company

iv. a company that is limited by a bank guarantee

• i only

• ii & ii only

• i, ii & iii

• all of the above

Which of the two follow business concept that A limited liability Partnership combines with?

i. Limited liability company

ii. Partnership

Iii. Sole Proprietorship

iv. Listed company

• i. only

• ii & iii

• i & ii only

• all of the above

Housing Development Act 1966 is not applicable to:

A. Developer builds 15 units of double-storey units in Gua Musang

B. 5 bungalow units project in Damansara Heights, Kuala Lumpur

C. 21 storey High rise condominium project in Penang

D. 8 units industrial buildings in Johor Bahru

• Developer builds 15 units of double-storey units in Gua Musang

• 5 bungalow units project in Damansara Heights, Kuala Lumpur

• 21 stories high rise condominium project in Penang

• 8 units industrial buildings in Johor Bahru

Which of the following are exempted from Personal Data Protection Act 2010?

 

i.  Credit Tip off Service

ii. Data controlled or processed by federal or state governments

iii. Data processed outside Malaysia unless intended for use in Malaysia

iv. Information processed for the prevention of detection of a crime which is subject to

     some exemptions

• i & ii

• iii & iv

• i, ii & iii

• All of the above

.Which of the following is NOT a characteristic of a Limited Liability Partnership

 

A. Separate legal entity

B. Legal person in its own right

C. Owned by shareholders

D. Legal existence not affected by changes in partners

• Separate legal entity

• Legal person in its own right

• Owned by shareholders

• Legal existence not affected by changes in partners

The following individuals are afforded protection where creditors cannot object to the  

      discharge of bankruptcy

 

i.   Bankrupt with a disability

ii.  A deceased bankrupt

iii. A social guarantor

iv. A bankrupt suffering from serious illness 

 

• ii only

• ii & iii

• i & iv

• all of the above

Which of the following is NOT a provision for an automatic discharge of the

      bankruptcy?

• After 3 years subject to the achieved targeted contribution 

• Render an account of monies and property to the Director General of Insolvency

• When the bankrupt dies

• When the bankrupt absconded

Generally, a Company is not permitted to purchase its own shares unless:

 

i.   For redemption of preference shares

ii.  Cancellation of share

iii. Share buyback by public listed companies

iv. Remedy awarded by the court

• i & ii

• ii & iii

• iii & iv

• all of the above