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Classification of Company - Coggle Diagram
Classification of Company
Liability of Members
Company Limited by shares
Section 10(2)
The liability of its members is limited to the amount
can be
private
or
public company
private companies -
Sendirian Berhad or Sdn. Bhd
public companies -
Berhad
or
Bhd
Company Limited by guarantee
The liability of its members is limited to such amount
does not have share capital
objective:
non-profit-making
- charity
shall have the word
Berhad
or
Bhd
(Sec. 25(1)
Company Limited both by shares & guarantee
Sec. 12
:
no company shall be formed
as, or become a company limited by guarantee with a share capital
Unlimited company
Sec. 10(4)
: a company formed on the principle that no limit is placed on the liability of its members.
Sec. 11(3)
: an unlimited company shall either be a private company or a public to meet its debts.
Sec. 435(3)
: any director, whether past or present, whose liability is unlimited shall be liable to make further contribution as if he were a member of an unlimited company in addition to his liability, if any, to contribute as an ordinary member
shall have the word
Sendirian
or
Sdn
Public Status
Public Company
Sec. 2
: public comapny means a company other than a private company
must hold
AGM
Private Company
Sec. 42(1)
: a company limited by shares having not more that 50 shareholders may be regitered as a private company
Sec. 24 (2)
: a private company shall restrict the transfer of its shares
Exempt Private Company
exempted from prohibitons related to loans to persons connected with directors
exempted from prohibitiond related to loans to director
Relationship with Other Companies
Holding & Subsidiary Company
controls the composition of the subsidiary's board
to control more than one-half of the voting power of the subsidiary
company holds more than one-half of the issues share capital of the subsidiary
company is subsidiary of any corporation which is itself a subsidiary of the holding company
Place of Incorporation
Foreign Company
carrying on business in Malaysia
establishing using a share transfer/ share registration office/ administering
managing or otherwise dealing with property situated in Malaysia as an
agent
legal personal representative or trustee