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    Company Far160

    Uploaded by

    Nur Anis Aqilah
    1. A public company can issue shares to the public, has no maximum number of owners, and has limited liability. In contrast, a private company cannot issue shares to the public, has a maximum of 50 owners, and also has limited liability. 2. To incorporate a company, documents submitted include the proposed company name, type (public or private), nature of business, and registered office address. The company constitution outlines the company objects, directors' capacity and powers, and compliance with the Companies Act 2016. 3. Types of shares a company can issue include ordinary shares, which carry voting rights and bear all risk, and preference shares, which have no voting rights but a fixed dividend priority over ordinary shares

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

    Company Far160

    Uploaded by

    Nur Anis Aqilah
    28 views15 pages
    1. A public company can issue shares to the public, has no maximum number of owners, and has limited liability. In contrast, a private company cannot issue shares to the public, has a maximum of 50 owners, and also has limited liability. 2. To incorporate a company, documents submitted include the proposed company name, type (public or private), nature of business, and registered office address. The company constitution outlines the company objects, directors' capacity and powers, and compliance with the Companies Act 2016. 3. Types of shares a company can issue include ordinary shares, which carry voting rights and bear all risk, and preference shares, which have no voting rights but a fixed dividend priority over ordinary shares

    Original Description:

    for uitm student

    Original Title

    Company far160

    Copyright

    © © All Rights Reserved

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    1. A public company can issue shares to the public, has no maximum number of owners, and has limited liability. In contrast, a private company cannot issue shares to the public, has a maximum of 50 owners, and also has limited liability. 2. To incorporate a company, documents submitted include the proposed company name, type (public or private), nature of business, and registered office address. The company constitution outlines the company objects, directors' capacity and powers, and compliance with the Companies Act 2016. 3. Types of shares a company can issue include ordinary shares, which carry voting rights and bear all risk, and preference shares, which have no voting rights but a fixed dividend priority over ordinary shares

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    28 views15 pages

    Company Far160

    Uploaded by

    Nur Anis Aqilah
    1. A public company can issue shares to the public, has no maximum number of owners, and has limited liability. In contrast, a private company cannot issue shares to the public, has a maximum of 50 owners, and also has limited liability. 2. To incorporate a company, documents submitted include the proposed company name, type (public or private), nature of business, and registered office address. The company constitution outlines the company objects, directors' capacity and powers, and compliance with the Companies Act 2016. 3. Types of shares a company can issue include ordinary shares, which carry voting rights and bear all risk, and preference shares, which have no voting rights but a fixed dividend priority over ordinary shares

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 15

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    contributor

    Many Managers and


    experties

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    Company: Types of
    1. Public company
    2. Private company company
    3. Exempt Private company
    4. Foreign Company
    5. Government link company
    Public Company vs Private company
    • Word “Bhd” at the end of name • Word “sdn. Bhd” at the end of the
    name
    • Can issue share to the public
    • Cannot issue share to the public
    • No maximum number of owner
    • Owner cannot exceed 50
    • Limited liability
    • limited liability by shares
    • No restriction to transfer share
    • Restricted to transfer share
    Application for incorporation of
    company
    • Name of proposed company
    • Types: Public or Private
    • Nature of business
    • Address of the registered office

    Constitution:
    1. Objects of the company
    2. The capacity, rights ,powers of the directors
    3. Comply with company act 2016
    Public company: owner is the public

    nv ite
    i

    Offer share to public


    v ite
    in

    nv ite
    i
    Example of share; eg 500,000
    Ordinary shares RM500,000
    Types of share:
    • Equity shares
    • The right to vote
    • Receive share of profits through the payment of dividend
    • Mandatory to be issued
    • The owner and bear all the risk eg no fixed dividend
    • Known as Ordinary share capital eg 100,000 ordinary shares RM200,000

    • Preference shares
    • No voting right
    • Fixed dividend eg 3% Preference share
    • Priority dividend before equity shares
    • Many types of preference shares eg 250,000 10% Preference shares RM1000,000
    Types of Preference share
    • Non-cumulative preference & cumulative preference share
    • Dividend can be /cannot be brought forward in case the company incur loss
    for the current year

    • Participating preference share & non participating Preference share


    • Ability to receive more dividend when the company making huge
    profit

    • Convertible Preference share & non-convertible preference share


    • Ability to convert the preference share to become ordinary shares eg
    1:1 , 5:2 (5 unit preference share to 2 unit ordinary shares
    Public issuance of shares
    1.Company: Offer share to
    the public eg advertise:
    New company:Initial public
    offering

    2.Fill up the application form and pay on the amount asked


    for
    3. The company receive the application form and the
    money and allot the share

    4. The company may also incur the issuance cost such as


    legal cost, printing cost and stamp duties
    Allotment process
    • 1.Over subscribed : offer/issue < than applied
    • Excess money will be refunded
    • Eg issued 100,000 at RM 2 each
    • Applied 200,000.Allotment pro rata eg 1:2

    2. Fully subscribed: offer/issue =applied


    Eg issue 200,000 Ordinary shares at RM2 each
    Applied 200,000

    3. Undersubscribed: offer/issue> applied


    Eg issued 100,000 ordinary shares at rm1 each
    Applied 80,000 units
    Oversubscribed
    • Received money and application form
    • Dr. Bank xx
    • Cr. Application xx
    • Allotment of shares
    • Dr. Application xx
    Cr . Ordinary share Capital xx Allotment and refund
    Dr.Application xxx
    • Refund the excess money CR. Ordinary share capital xx
    • Dr.Application xx Cr. Bank xx
    • Cr. Bank xx
    Undersubscribe
    Issue 100,000 at RM 1 Dr.Bank 80k
    each
    • The end Cr. Application 80k

    Applied 80,000
    Dr. Application 80k
    Cr. Ordinary share 80k
    The end

    The end

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