WorksheetsNATURE, FORMATION AND TYPES OF COMPANIES
Total questions: 20
Worksheet time: 15mins
A limited company may either be the followings, EXCEPT;
Company limited by shares
Company limited by guarantee
Unlimited company
Company limited by both shares and guarantee.
A company that prohibits any invitation to the public to subscribe for any shares in or debentures of the company is…
Public company
Sole Proprietorship
Private company
Partnership
What is the company limited by shares?
The company’s liability upon its winding up is limited.
The liability of the winding up of the company is limited.
All debts of a company upon its winding up will be paid by the directors.
The liability of the members to contribute towards the assets of the company in a winding up is limited to the amount unpaid on his shares.
A company register as a private company under Companies Act 2016 must have the following characteristics EXCEPT;
the number of members can be more than 50
there exists a restriction on the right to transfer shares
the company will have the word “Sendirian Berhad” or the abbreviation “Sdn Bhd” as part of its name
the certificate of incorporation of the company would state that the company is a private company.
"the liability of its members is limited to such amount as the members undertake to contribute in the event of its being wound up".
This types of a company is known as ......
unlimited company
company limited by shares
company limited by guarantee
"the liability of its members is limited to such amount as the members undertake to contribute in the event of its being wound up".
This type of company have ....
a shares
no shares
a partnership agreement
no members
Which of the following statements defined unlimited company as in section 10 Companies Act 2016? (Choose more than one answer)
in a winding up, the members is liable to the debts of a company without limit
it can be a public company or private company
in a winding up, the members is not liable to the debts of a company.
The liability of a members is specified in the agreement.
The doctrine of "separate legal personality" means ....
a company and its members is considered as one entity.
a company is separate and independent from the members
a members, Board of Directors and shareholders are separate
Which of the following statements below, reflect the characteristics of a limited company?
The company's liability for its debts on winding up is limited.
The liability of the auditors on winding up of the company is limited
All debts of the company of the company will be paid by the directors.
The liability of the members of the company to contribute to the assets of the company on winding up is limited.
When does the existence of a company is recognized?
When CCM issued a certificate of incorporation.
When the company appoint a Board of Directors
When CCM satisfies with all the incorporation documents
A company can be formed even by one person.
True
False
A company cannot be formed for any lawful purposes.
True
False
Certificate of incorporation is the conclusive evidence that the company has failed to comply with all the requirements to incorporate a company as required by Companies Act 2016.
True
False
Classification of a company in Malaysia can be made according to the number of members who purchased shares in the company.
True
False
By provision of section 10 Companies Act, a company may be incorporated as unlimited company only.
True
False
The liability of members in a company limited by shares, will depends on whether his shares are fully paid or partly paid.
True
False
The unlimited company can either be a public company or private company.
True
False
Company limited by guarantee can either be formed as public company or a private company.
True
False
The company limited by shares can be formed as private company only.
True
False
The public company shall invite the public to deposit money with the company for fixed periods or payable at call.
True
False
