CBL-Mock-001

According to the Law on Trade Rules and Business Regulations, how much

is the purchase or sale transaction amount between a trader and a trader

that must be settled by check or by negotiable instrument ?

• 1,000,000 Riels

• 5,000,000 Riels

• 10,000,000 Riels

• 20,000,000 Riels

How many types of foreign commercial companies

are there?

• There are two types of foreign commercial companies.

• There are three types of foreign commercial companies

• There are four types of foreign commercial companies

• Not in the answer above.

Does the dissolution of a company have to be registered in the commercial

registration list?

• Dissolution of the company must also be registered

• Dissolution of a company is not registered, only changes or modifications

  stipulated in the law can be registered.

• Dissolution of the company does not have to be registered because the company

  has already registered to operate the company

• None of the above answers

Who appoints the Chairman of the Board?

• CEO

• Director

• Secretary

• None of the above answers

According to the Law on Commercial Enterprises, which of the following is

incorrect about leading a company?

• Duty of prudence

• Duty of care

• Duty of loyalty

• Duty of making decision

According to the Law on Commercial Enterprises, how many terms does

each director have?

• 2 years

• 3 years

• 4 years

• Not in the answer above

According to the Law on Commercial Enterprises, what are the following

activities that foreign commercial companies are considered to conduct

commercial activities in the Kingdom of Cambodia?

• Office for rent, production or processing facility or service for a period of 1 year or

  more.

• Hire staff to work for the company for 1 year or more

• Perform any other activities as permitted by the laws of the Kingdom of

  Cambodia to natural persons or foreign legal entities

• Not in the answer above

According to the Law on Commercial Enterprises, all foreign commercial

companies doing business in the Kingdom of Cambodia in any form, are

under the law and jurisdiction of :

• Court

• Ministry of Labor

• Ministry of Land Management, Urban Planning and Construction

• All the answers above.

According to the Law on Commercial Enterprises, what should be the name

of a business representative office or business liaison office ?

• Must have Khmer letters above the English name of the original company

  abroad.

• Business representative office or business liaison office is written above or in

  front of the original company name.

• Must be the name of the original company abroad

• Answer B and C.

Under the Law on Commercial Enterprises, which of the following types of

companies is authorized by law to issue securities to the public?

• Private Limited Company

• Public Limited Company

• Partnership

• Not in the answer above.