Font size
WorksheetsA QUICK REFRESH
Total questions: 15
Worksheet time: 10mins
THE FOLLOWING ARE THE ELEMENTS WHICH DEFINES PARTNERSHIP (S3 OF THE PARTNERSHIP ACT 2016) EXCEPT:
Relationship which subsists between persons ( 2-20)
To have full control of the business
Carrying on business in common
With a view of profit
A DORMANT PARTNER IS A PARTNER ...
Sometimes known as a
general partner.
Takes no active part in the
management of the business but,
still liable as a partner. In return
He may be only an
employee, or he may be also
actually a partner.
He
is not a partner, but in certain circumstances, he may
be held liable as a partner. He may be liable for
Court may dissolve a partnership pursuant to S37 in the following cases:
when a partner, becomes permanently incapable of performing his duties
when a partner willfully and persistently breach the partnership
agreement
when the business of the partnership can only be carried on at a loss
when a partner becomes bankrupt
The following are significant ways companies can be classified except
liability of its members
status
place of incorporation
private company
relationship with other companies
Which of the following does not describe a private company?
Requires a minimum of 2 directors
the name of the company must end with "Sdn Bhd"
A maximum of 50 members only are allowed
can be a company limited by guarantee
a limited by guarantee company is a ...
private company
public company
company limited by shares
Essential requirements
of a company - S9 of the CA2016:
a name
a director
a place of business
one or more shares
A Bhd holds 51% of shares in B Sdn Bhd. B Sdn Bhd, on the other hand has 75% of voting powers of D Sdn Bhd. Which of the following is true?
B Sdn Bhd is the subsidiary of D Sdn Bhd
D Sdn Bhd is the holding company of A Bhd
B Sdn Bhd is the subsidiary of A Bhd
B Sdn Bhd is the holding company of A Bhd
Which of the following is not the regulatory body governing companies in Malaysia
Saya Bhd controls 75% of voting powers of Dia Sdn bhd. Dia Sdn Bhd holds 67% of shares in Kamu Sdn Bhd. Which of the following is true?
Saya Bhd is the ultimate holding company
Kamu Sdn Bhd is the subsidiary of Dia Sdn Bhd
Dia Sdn Bhd is the holding company of Saya Bhd
Saya Bhd is the subsidiary company of Kamu Sdn Bhd
Which of the following company could potentially be a public company
Rain rain Sdn Bhd
Pandainyer Bhd
No idea Enterprise
Rice & Chicken Partnership
Which of the following is the requirement to determine related companies?
Holding company of another corporation
Subsidiary of another corporation
Director of the holding company
Subsidiary of the holding company of another corporation
Your friend want to set up a company and he wants to know if it is a must to incorporate the company. In advising him, which of the following importance of incorporation of a company would you highlight to your friend?
Protection for investors/creditors
limited liability for the members
it is the right thing to do legally
to get more fame
A wants to know how to determine if a company has control of the composition of the board of directors of another company. You, as A's legally educated friend should advise him that...
Holding company has the power to appoint the directors for the subsidiary company
The holding company has the power to remove all/majority of the directors of the subsidiary company
The holding company appoints its directors/officers to be the director of the subsidiary company
The subsidiary company can appoint the directors without the holding company approving the person
Bonus question: Is Introduction to Commercial Law your favorite so far?
BIG FAT YES!
MAYBE
NOT REALLY
NO ! NO!
