CBL-JD22

Under the Law on Commercial Enterprises, which one of the following statements is correct? 

• The name of a public limited company shall include, at the end, the words “Public Limited Company” or an appropriate abbreviation. 

• The name of a public limited company shall include, at the end, the words “LLC” 

• The name of a public limited company shall include, at the end, the words “PLC”. 

• The name of a public limited company shall include, at the end, the words “PTE”. 

The Ministry of Commerce acknowledged receipt of an application for a company registration of Bright Co., Ltd. on 15 January 2022. The Ministry of Commerce issued a certificate of incorporation stating that Bright Co., Ltd. was incorporated on 20 January 2022. Bright Co., Ltd. hired its first employee on 22 February 2022 and commenced its business operations on 1 March 2022. Pursuant to the Law on Commercial Enterprises, when did Bright Co., Ltd. come into existence and acquire legal personality? 

• 15 January 2022. 

• 20 January 2022 

• 22 February 2022 

• 1 March 2022 

John, Petter and Alex intend to establish an insurance company in Cambodia. They wish to limit their liabilities to the extent of their contribution into such a business. Under the Law on Commercial Enterprises, what is the most appropriate form of business entity that they should establish? 

• A general partnership 

• A limited partnership 

• A public limited company 

• A private limited company 

A foreign company shall comply with the registration requirements in accordance with the Law on Commercial Enterprises if: 

• It rents an office for less than one (1) month and employs some staffs for less than one (1) month in Cambodia and perform any acts which requires the registration 

• It rents an office for one (1) month or more and employs some staffs for one (1) month or more in Cambodia and perform any acts which requires the registration. 

• It rents an office for less than one (1) month and employs some staffs for more than one (1) month in Cambodia and perform any acts which requires the registration. 

• None of the above 

Under the Law on Commercial Enterprises, a limited liability company is considered to have Cambodian nationality when: 

• The company has a place of business and registered office in Cambodia and 51% or more of the company’s voting shares are held by individual Cambodian citizens, Cambodian legal entities or a combination of both. 

• More than 51% of the shareholders and members of the board of directors of the company have Cambodian nationality. 

• The company has a place of business and registered office in Cambodia and 51% or more of the company’s voting shares are held by foreign nationals or legal entities 

• The company has a place of business and registered office in Cambodia and 51% or more of the company’s voting shares are held by individual Cambodian citizens. 

Under the Law on Commercial Enterprises, who may legally establish a limited liability company? 

• Only competent legal persons 

• Only competent natural persons. 

• A competent natural person or legal person. 

• Any legal persons registered under the laws of a foreign country 

Under the Law on Commercial Enterprises, how a general partnership acquires a legal personality? 

• Registering with the Ministry of Commerce 

• Signing a partnership agreement 

• Filing a registration application with the Ministry of Commerce 

• Both A and B 

Under the Law on Commercial Enterprises, which of the following statements is correct for the formation of a limited partnership? 

• If the limited partnership is not registered with the Ministry of Commerce, it is deemed to be a general partnership. 

• A limited partnership comes into existence only after a limited partnership agreement is signed

• Articles of incorporation of a company is signed by all shareholders 

• Both B and C 

Under the Law on Commercial Enterprises, which of the following powers is not a Board of Directors’ power? 

• Appoint and remove all officers and determine the specific rights of these officers 

• Borrow money 

• Amend or annul the articles of incorporation of the company without approval of the shareholders 

• None of the above 

Under the Law on Commercial Enterprises, which of the following statements is correct regarding meetings of the board of directors of a company? 

• Meetings of the board of directors must be held at least once per year

• Meetings of the board of directors must be held at least twice per year 

• Meetings of the board of directors must be held at least three times per year 

• Meetings of the board of directors must be held at least once every three months