COMPANIES ACT 2016 C1 Quiz

What is the minimum number of shareholders required for the incorporation of a company in Malaysia?

• One

• Two

• Three

• Four

When incorporating a company in Malaysia, which document must be submitted to the Companies Commission of Malaysia?

• Shareholders' Agreement

• Memorandum of Association

• Company's Constitution

• Director's Report

Which of the following is a requirement for the appointment of directors during the incorporation of a company in Malaysia?

• Directors must be Malaysian citizens

• Directors must have a minimum of five years of experience

• Directors must be over 18 years old

• Directors must have a business degree

What is required to be maintained according to the guidance on share capital management?

• Register of Members

• Register of Share Certificates

• Register of Directors

• Register of Auditors

What document is issued to confirm the ownership of shares in a company?

• Shareholder Agreement

• Share Certificate

• Annual Report

• Dividend Statement

What is the requirement for the payment of dividends according to the guidance on share capital?

• Dividends must be paid quarterly

• Dividends must be approved by the board of directors

• Dividends must be paid in cash only

• Dividends must be declared annually

What is a requirement for the appointment of a company secretary?

• The secretary must be a shareholder

• The secretary must be a qualified accountant

• The secretary must be a resident in Malaysia

• The secretary must be appointed by the shareholders

What is one of the key duties of a director in a company?

• Prepare annual financial statements

• Conduct internal audits

• Manage the company's operational activities

• Organize shareholder meetings

How is an auditor appointed in a company?

What is typically required for a general meeting of shareholders?

• A minimum of 15 days' notice

• A minimum of 7 days' notice

• A minimum of 30 days' notice

• No notice required