When can a shareholder transfer their shares in a Malaysian company without any restrictions?

Shares part 2

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University
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Medium

Ain Maryam Zolkipli
Used 14+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Anytime
Only during the Annual General Meeting
With the approval of the board of directors
After a special resolution is passed
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A shareholder must always obtain the consent of the other shareholders before transferring their shares.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a company decides to vary the rights attached to a class of shares, which of the following is required?
Ordinary resolution
Special resolution
Approval of the majority of the board of directors
No approval is needed
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Class rights can be varied without the consent of the shareholders affected by the variation.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A shareholder transfers their shares to another party, but the transfer is later found to be forged. What is the legal status of this transfer?
Valid
Invalid
Voidable
Subject to board approval
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The transfer of shares is a unilateral decision made by the shareholder, and the company has no say in the matter.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A shareholder wishes to transfer their shares, but the company's articles of association specify a pre-emption clause. What does this mean?
The shares can be transferred without any restrictions.
The existing shareholders has the right to buy the shares before they are offered to others.
The shares can only be transferred to a family member.
The shares can be sold to the highest bidder.
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