Shares part 2

Shares part 2

University

15 Qs

quiz-placeholder

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Shares part 2

Shares part 2

Assessment

Quiz

Other

University

Medium

Created by

Ain Maryam Zolkipli

Used 14+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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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