Professional Documents
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(GROUPING SUBMISSION)
NAME & STUDENT ID
1. SUBBENTHRAAN RAMAMOORTHE (012019072245)
CODE ALW10203
GROUP 6
QUESTION (CHAPTER 3
& TOPIC)
INSTRUCTIONS:
a. This is a GROUPING assignment.
b. Please submit the assignment ATTACHED with the cover page, assessment rubric, assignment
instructions, table of contents and list of references referred to for the completion of this
assignment.
c. Submission must be made in the form of written assignment (HARD COPY) and CD / Pendrive
submission (SOFTCOPY).
d. Presentation video must be uploaded on Google Drive before the presentation.
e. Google Drive link address to be paste here:
Group 6: Chapter3(Company law).mp4 - Google Drive
https://drive.google.com/file/d/1zE3Cln24OqpNFOMsoTNSFn4wLs7C3SjJ/view?usp=drivesdk
f. Please DO NOT BIND the submission booklet. Only stapled submissions will be accepted.
g. This page cover must be printed on a PINK paper.
h. Late submission will NOT be tolerated.
1. SUBBENTHRAAN RAMAMOORTHE (012019072245)
Students are required to prepare and submit TWO (2) items for this assignment, namely;
Samples of videos and tutorials to this video creation has been attached in the
WhatsApp Group for your reference and guidance.
(100 marks)
Topics designation is based on a ballot drawn during previous class (tutorials). Team members
of each group has also been assigned along with topic selection during class session.
a) Date for submission: 5THAUGUST 2021 (THURSDAY) @ LATEST 4PM-6PM @ GC & e-Klas.
b) Requirements:
PO2: Use law and business communication skills in order to handle challenging situation;
(PRACTICAL SKILLS), (LO2)
PO3: Identify and solve problems using effective critical thinking skills in order to achieve
practical business decision making; (CRITICAL THINKING & SCIENTIFIC SKILLS),
(LO3)
PO4: Demonstrate effective communication with stakeholders both orally and in writing;
(COMMUNICATION SKILLS), (LO4)
PO5: Work effectively with peers and contribute positively to the community and relevant
stakeholders; (SOCIAL SKILLS, TEAMWORK & RESPONSIBILITY), (LO5)
PO6: Demonstrate ethical and moral values as well as professionalism in daily practice;
(VALUES, ETHICS, MORAL & PROFESSIONALISM), (LO6)
PO8: Utilize available resources in striving to accomplish desired goals; (MANAGERIAL &
ENTREPRENEURSHIP SKILLS), (LO8)
CO3: Analyze the special features of company’s incorporation and the rules relating to
corporate constitutions.
CO4: Examine the rules governing capital, management of company, liquidation and public
listing.
POWER-POINT SLIDES *Names are to be arranged according to the sequence (turn) of presentation*
1. NAME: SUBBENTHRAAN RAMAMOORTHE ID: 012019072245 TOPIC: INTRODUCTION & PTIVATE UNLIMITED
COMPANY SLIDES: 1 TO 3 & 10
2. NAME: SHAWN POO BALAN ID: 012019071905 TOPIC: PUBLIC LIMITED COMPANY SLIDES: 4 TO 5
3. NAME: RISHIKA SUPRAMANIAM ID: 012019071031 TOPIC: PUBLIC UNLIMITED COMPANY SLIDES: 6 TO 7
4. NAME: GOKULAN MAHESWARAN ID: 012019071571 TOPIC: PRIVATE LIMITED COMPANY SLIDES: 8 TO 9
5. NAME: SHUBASHINI RAJAN ID: 012019070853 TOPIC: DIFFERENCES BETWEEN PUBLIC & PRIVATE COMPANY
SLIDES: 11 TO 13
1. NAME: SUBBENTHRAAN RAMAMOORTHE ID: 012019072245 TOPIC: INTRODUCTION & PRIVATE UNLIMITED
COMPANY
2. NAME: SHAWN POO BALAN ID: 012019071905 TOPIC: PUBLIC LIMITED COMPANY
5. NAME: SHUBASHINI RAJAN ID: 012019070853 TOPIC: DIFFERENCES BETWEEN PUBLIC & PRIVATE COMPANY
returns to looking at
notes. notes.
Total: (__/100)
CONTENTS.
DEFINATION: A public limited company is a voluntary association of members that are incorporated and,
therefore has a separate legal existence and the liability of whose members is limited.Public limited
companies are listed on the stock exchange where it’s share/stocks are traded publicly.
CHARACTERISTICS:
1. A company must have a minimum of seven members but there is no limit as regards the maximum
number.
2. The shares of a company are freely transferable and that too without the prior consent of other
shareholders or subsequent notice to the company.
3. Its formation, working and it’s winding up all its activities are strictly governed by rules, laws, and
regulations.
4. The company collects Its capital by the sale of its shares and those who buy the shares are called the
members. The amount so collected is called the share capital.
ADVANTAGES:
1. Financial Privacy:
Public limited companies are strictly regulated and are required by law to publish their annually. This
ensures that they reveal their true financial position to their owners and potential investors so that they can
determine the true worth of its shares.
2. Large Capital
Public limited companies enjoy an increased ability to raise capital since they can issue shares to the
public through the stock market. They can also raise additional capital by Issuing debentures and bonds
through the same market from the public. Debentures and bonds are unsecured debts Issued to a
company on the strength of its integrity and financial performance.
3. Transferable shares
Shares of a public limited company are bought and sold in a stock exchange market. They are freely
transferable between its members and people trading in the stock exchange.
DISADVANTAGE
1. High Costs
A Public Limited Company is normally a complex thing to start. The firm banker (or
“underwriter”) then offers the initial shares to the public (and keeps a substantial commission). Often, the
costs of setting up a public firm and Initial Public Offering (IPO) can run into hundreds of thousands of
dollars.
2. Greedy Shareholders
Those who buy shares have no particular interest in the firm except in that it makes a quick buck. Most
companies, however, have an interest in laying out a long-term growth plan that takes patience and
planning It is not often many shareholders see it this way.
3. Slow Decisions
If the company is public, it must have a board of directors representing the main and most powerful
stockholders. This means, in turn, that major decisions must go through the board, with debates and
voting. In reality, this entails those decisions will be slow and often painful. Sometimes, they might not be
made at all.
A public unlimited company is an incorporated company where profits and losses pass through to
shareholders, and shareholders or members are responsible for outstanding liabilities in the event of a
liquidation. There are risks and benefits to thus approach in corporation, and companies must consider
their options carefully before making a decision about how to proceed with a planned corporation, and
unlimited company is public, it must annex to its annual return the following
Requirements
Public unlimited company with a share capital unlimited companies are required to have at least two
directors and may have just one member. There is no limit to the number of members an unlimited
company can have. When unlimited company has two or more members, they may not dispense with
holding an AGM
ADVANTAGES
Definition: A private limited company is the most common type of business entity incorporated
Malaysia. In Malaysia a private limited company by shareholding is known as
Sendirian Berhad (Sdn Bhd) Company ,Unlike a sole proprietorship or partnership, a private limited
company is its own separate legal entity. It can acquire its own assets, go into debt, sue or be sued in its
own name.
Requirements
A minimum 1 member (shareholder) and 1 director (ordinarily reside in Malaysia by having a principal
place of residence in Malaysia) are required. A natural person can be both a director and shareholder,
while a corporate legal entity can only be shareholder.
Advantage
: No Minimum Capital
: Separate Legal Entity
: Limited Liability
: Free & Easy transfer of shares
: Lower Income Tax Rate
Disadvantage
:Restricts the transfer ability of shares by its articles.
: Number of shareholders in any case cannot exceed 50.
: Unable to the issue prospectus to public.
:In stock exchange shares cannot be quoted.
2. Private unlimited companies are similar to private limited companies but with a few key differences –
firstly, they generally do not have to file accounts at Companies House so they can keep their trading
information secret, and secondly the liability of the shareholders is unlimited, so if the company is insolvent
or goes into liquidation the shareholders are personally liable to repay creditors.
• The company name (this must be different from any other company already on record, and cannot
contain certain words or be offensive or misleading)
• A memorandum and articles of association (you will need to create these yourself as there are no
standard forms available)
• Details of the shareholders and directors including People with Significant Control. There must be at
least one director and shareholder, although this can be the same person.
LIMITED BY SHARES
BY SHARES OR
GUARANTEE
YES NO
SECURITIES OFFERINGS
REGISTRATION
REFERENCES:
⚫ https://www.3ecpa.com.my/resources/guide-to-setup-malaysia-business/companies-act-andcompany-
law-in-malaysia/
⚫ https://www.registercompany.com.my/resources/companies-act/company-law-
inmalaysia/#:~:text=A%20company%20must%20have%20a,Act%20as%20in%20common%2
0law.
⚫ https://www.ssm.com.my/bm/acts/a125pdf.pdf
⚫ https://malaysia.acclime.com/formation/private-
limitedcompany/#:~:text=A%20private%20limited%20company%20is,is%20a%20separate%20lega
l%20identity.&text=If%20the%20company%20fails%20to,go%20after%20the%20owners'% 20assets
⚫ https://www.paulhypepage.my/what-is-a-private-limited-company-in-malaysia/