CBL-JJ23

ABC TRADING CO., LTD., has changed its shareholding structure by adding a new

corporate shareholder, and approving a removal of an existing individual

shareholder. According to the Law on Commercial Enterprises (the “LCE”), what shall

the company do?

• Amend its AoI and file it with the MOC at any time after the general meeting at

  which the amendment was approved.

• Amend its AoI and file it with the MOC within 15 days after the general meeting

  at which the amendment was approved.

• Have an authorized representative of the new corporate shareholder to be

  present at the MOC within 15 working days after the general meeting at which

  the amendment was approved.

• Have an authorized representative of the new corporate shareholder to be

  present at the MOC at any time after the general meeting at which the

  amendment was approved.

In a general partnership, a general partner may cease to be such in any of the

following manners:

• Withdrawal from the general partnership

• Expulsion from the general partnership

• Death of the general partner

• All of the above

According to the LCE, which statement in relation to a private limited company is

incorrect?

• Company may have at most 15 shareholders

• The company may have more than one director

• The company may have one or more restrictions on the transfer of each class of

  shares

• There is no minimum capital requirement

Nita, Sopheak, and Seyha want to establish an accounting firm in Cambodia. Three

of them would like to share profits and control the business altogether. In addition,

they wish to combine their property, knowledge, or activities to operate this firm.

Considering these circumstances, what is the most appropriate form of entity that

they should establish?

• Sole proprietorship

• Public limited company

• General partnership

• None of the above

In the name of general partnership, the words “general partnership” shall be placed:

• At the end or below the name

• At the end of the name only

• At the end or above the name

• Below the name only

Which one of the following statements regarding a private limited company’s AoI is

correct according to the LCE?

• AoI may be amended by an ordinary resolution of shareholders at any time.

• AoI may be amended by a special resolution of shareholders at any time

• AoI may be amended by a special resolution of directors at any time.

• AoI may be amended by an ordinary resolution of shareholders once per year

Which information is NOT included in the Certificate of Incorporation of a private

limited company?

• Registration number

• Type of business entity registered

• Number of total shares of the company

• None of the above

Da, Las, and Cam are the three shareholders of DALLAS CAM CO., LTD., a private

limited company duly registered under the law of Cambodia. Due to some issues, Da

would like to withdraw from the company by transferring all of her shares. Under the

LCE, which of the following options is permitted to transfer Da’s shares?

• Da may transfer all of her shares to her family members.

• The company may issue her shares to the general public

• Da may transfer all of her shares to the company’s manager

• A and C above

Which of the following answers is NOT the cause of employment suspension under

the Labor Law?

• Serious economic difficulty or material difficulty or particularly unusual difficulty

• Absence of an employee due to illness of immediate family

• Absence of an employee due to illness certified by a qualified doctor

• An act of God that prevents one of the parties from fulfilling its obligations, for

  up to a maximum of three (3) months

Under the Labor Law, what is the definition of Mass Layoff?

• Any layoff resulting from a reduction in an establishment’s income caused by

  economic difficulty.

• Any layoff resulting from a governmental order

• Any layoff of at least 30% of total employees by the establishment

• Any layoff resulting from a reduction in an establishment’s activity or an internal

  re-organization that is foreseen by the employer