CLASSIFICATION OF COMPANIES UNDER COMPANIES ACT 2016

What is the classification of a company according to the Companies Act 2016?

• Public company

• Private company

• Foreign company

• All of the above

What is the definition of a private company?

• A company with less than 50 members

• A company with less than 20 members

• A company with more than 50 members

• A company with more than 20 members

What are the characteristics of a public company?

• No restrictions on raising capital

• Must comply with regulations for private companies

• Can invite public to invest

• All of the above

What is the difference between a private company and a public company?

• Private companies have limited membership

• Public companies can raise capital from the public

• Private companies have limited functions

• All of the above

Under what circumstances can a private company be converted into a public company?

• To expand business and raise more capital

• To increase the number of company members

• To generate larger profits

• All of the above

What is the definition of a company limited by shares?

• A company with limited liability for its members

• A company with shares held by shareholders

• A company with shares held by guarantors

• A company with shares held by the public

What is the definition of a company limited by guarantee?

• A company with limited liability for its members

• A company with shares held by shareholders

• A company with shares held by guarantors

• A company with shares held by the public

What is the definition of a subsidiary company?

• A company that controls the board of directors of another company

• A company that holds more than half of the voting power

• A company that holds more than half of the issued share capital

• All of the above

What is the definition of an associated company?

• A company that controls the board of directors of another company

• A company that holds more than half of the voting power

• A company that holds more than half of the issued share capital

• A company that has a significant influence over another company

What is the definition of a foreign company?

• A company incorporated outside of Malaysia

• A company that conducts business outside of Malaysia

• A company with foreign shareholders

• All of the above