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    MCQ Lac4433

    Uploaded by

    Nurin Irdina
    The document contains multiple choice questions about company law in Malaysia. It addresses topics like types of business entities, partnership agreements, directors' fiduciary duties, sources of company law, types of companies, and requirements for company meetings and resolutions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    MCQ Lac4433

    Uploaded by

    Nurin Irdina
    36 views2 pages
    The document contains multiple choice questions about company law in Malaysia. It addresses topics like types of business entities, partnership agreements, directors' fiduciary duties, sources of company law, types of companies, and requirements for company meetings and resolutions.

    Original Title

    MCQ-LAC4433

    Copyright

    © © All Rights Reserved

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    DOCX, PDF, TXT or read online from Scribd

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    The document contains multiple choice questions about company law in Malaysia. It addresses topics like types of business entities, partnership agreements, directors' fiduciary duties, sources of company law, types of companies, and requirements for company meetings and resolutions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    36 views2 pages

    MCQ Lac4433

    Uploaded by

    Nurin Irdina
    The document contains multiple choice questions about company law in Malaysia. It addresses topics like types of business entities, partnership agreements, directors' fiduciary duties, sources of company law, types of companies, and requirements for company meetings and resolutions.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    1.

    A business entity which is not incorporated and manages by one person with
    unrestricted powers borrowing.
    a) Unlimited Company
    b) Investment Companies
    c) Sole-proprietorship
    d) Partnership

    2. If the partnership agreement is silent on a particular aspect, the reference is to made to


    a) Limited Liability Partnership Act 2012
    b) Partnership Act 1961
    c) Company Act 1965
    d) Company Act 2016
    3. It is defined as a relation which subsists between persons carrying on a business in
    common with a view of profit.
    a) Unlimited Company
    b) Investment Companies
    c) Sole-proprietorship
    d) Partnership
    4. It is the legal principle on company law established by the case of Salomon v Salomon
    & Co. Ltd.
    a) Fiduciary duties
    b) Article of Association
    c) Veil of incorporation
    d) None of the above

    5. It is an exception to the general principle that a company is a person separate from its
    members and also from its directors.
    a) Contractual Obligation
    b) Fraudulent conduct of business
    c) Open trade equity
    d) Intraday Trading
    6. Pre-incorporation contract cannot be ratified and the company shall be bound as if the
    company has been in existence and had been a party to it at the date of the contract.
    a) True
    b) False
    7. They are the trustees and agents of the company and thus, owe a fiduciary duty towards
    the company.
    a) Directors
    b) Members
    c) Shareholders
    d) All of the above
    8. The principal source of company law of Malaysia is the
    a) Companies Commission Malaysia
    b) Capital Market and Services Act 2007
    c) Securities Commission Act 1993
    d) None of the Above
    9. It is a company limited by shares with not more than 20 members and all the members
    must be individuals.
    a) Subsidiary Company
    b) Unlimited Company
    c) Exempt private company
    d) Company Limited by Guarantee
    10. The Company Act 2016 does not require a company to have its constitution for the
    purpose of incorporation except for a
    a) Subsidiary Company
    b) Unlimited company
    c) Exempt private company
    d) Company limited by guarantee

    11. Under Company Act 2016, Constitution or Memorandum & Articles of Association is
    optional to all types of companies in Malaysia.
    a) true
    b) false
    12. If the law or company’s constitution does not specify the type of resolution required,
    then the resolution required shall be
    a) Special resolution
    b) Ordinary resolution
    c) Written resolution
    d) All of the above

    13. Most decisions beyond the normal day-to-day running of a business will require a
    resolution, such as:
    a) appointing company directors
    b) changing directors' powers
    c) changing the name of a company
    d) All of the above

    14. The minutes of the proceedings of the company’s general meeting must be entered in the
    minute book within
    a) 30 days of the meeting
    b) 21 days of the meeting
    c) 15 days of the meeting
    d) None of the above
    15. If notice of meeting is not given to all members of the company, the meeting and all
    proceedings therein are null and void.
    a) True
    b) False

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