Company Law (C9-C14) Revision

A public company shall have at least two directors.

• TRUE

• FALSE

Registrar of Company will likely refuse the registration of a company if it is setup for human trafficking.

• TRUE

• FALSE

When the Notice of Registration is issued by the CCM, a company is considered to come into existence.

• TRUE

• FALSE

"Liability of members is limited to the amount of unpaid shares". This is a definition of ___.

• an unlimited company

• a company limited by shares

• a company limited by guarantee

A public company limited by guarantee does not have share capital.

• TRUE

• FALSE

Members of company limited by guarantee must contribute money as stated in constitution to pay company's debt.

• TRUE

• FALSE

Members of the unlimited company will be liable for the debts of a company ___ if the company's assets are not sufficient to pay its liabilities in the event of winding up.

• limited to the amount of unpaid shares

• limited to amount stated in company's constitution

• without limit

The followings are the characteristics of a private company except:

• It does not offer its shares to public

• It has the word "Sdn" as part of its name

• It does not invite public to deposit money with the company

• It has a maximum number of 55 shareholder

A company may be considered as a holding company if ___

• it has less than half of the issued shares in another company.

• it controls the the composition of the board of directors in another company.

Company A owns 100% of the shares in Company B.

Company B owns 100% of the shares in Company C.

Based on the above, Company C may not be considered as a wholly-owned subsidiary of Company A.

• TRUE

• FALSE