W12 - INTRO TO COMP ACCOUNTS - THE NATURE OF THE LIMITED...

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1 THE NATURE OF THE NATURE OF LIMITED COMPANIES LIMITED COMPANIES & THEIR CAPITAL
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2 ORGANIZATIONS RECOGNISED BY LAW ORGANIZATIONS RECOGNISED BY LAW AS HAVING THE CAPACITY TO AS HAVING THE CAPACITY TO ENTER INTO CONTRACTS ENTER INTO CONTRACTS     Unincorporated/Bodies sole – sole traders and partnerships. Incorporated/Bodies corporate - Formed by either: (1) Registrar of Companies (ROC)
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3 TYPES OF COMPANIES TYPES OF COMPANIES     Sdn Bhd Berhad
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4 BERHAD BERHAD 1. Form 13A -  register the name of company. 2. Documents required: Company’s name Company’s object Capital share’s amount Limited liability of the shareholder. Statement of agreement between the founder that they want to form the  business shareholders. Form 48A – to confirm that the Director is not bankrupt Form 6 – to confirm that all the procedures to form a company has been  complied. 3. Submit to ROC (Registrar of Company)
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5 DIFFERENT BETWEEN SDN  DIFFERENT BETWEEN SDN  SDN BHD Shareholder not more  than 50 Have a power to transfer  share Not allowed to offer  share to public Offer to public to deposit  money in the company  also not allowed BERHAD Allow to offer share to  public and for the public  to deposit money. Can be listed at Bursa  Malaysia Age above 70 cannot be  a Director. Have to get Certificate to  start a business first.
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COMPONENT OF A  COMPONENT OF A  COMPANY COMPANY 1. Director – at least 2 director 2. Board of Director 3. Secretary – individual with professional  certificate from MIA, MAISCA and  MACPA. 4.
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W12 - INTRO TO COMP ACCOUNTS - THE NATURE OF THE LIMITED...

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