POM2303 Chapter 1 : COMPANY

Below are the effect of incorporation EXCEPT ___________

• It may sue and be sued in its own name

• It has intermittent succession

Below is one of the classes of companies EXCEPT ____________

• Foreign Companies

• Trader Companies

The principle of company; a company is a person ______________

• separate from its members and the directors

• separate from its shareholders, building and land

The exception to the company principle is know as:

• Lifting the corporate veil

• lifting the corporate voice

choose any two of the exceptions to the company principles;

• Special Exception

  & Justice Exception

• Statutory Exception & Judiciary

What are the two types of company?

• Statutory company & Registered company

• Special Company & Regulation company

Restrict the rights to transfer its shares, not more than 50 members and has the word Sdn. Bhd.

• Public Company

• Private Company

May offer shares and debentures to the public, May be listed or unlisted in Bursa Malaysia

• Public Company

• Private Company

The three Classes of Company are:

• company limited by shares, limited by gratuity, and unlimited company

• company limited by shares, limited by guarantee, and unlimited company

Once this company shares/guarantee are fully paid up, there is no further liability.

• Unlimited company

• Limited company