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Classification of company - Coggle Diagram
Classification of company
Section 10
Company limited by guarantee
the liability of its members is limited to such amount as the members undertake to contribute in the event of it being wound up.
does not have a share capital
Its members are not required to contribute to the assets of the company as long as the company is functioning
formed for non-profit-making objectives
Company limited by both share and guarantee
no company shall be formed as, or become, a company limited by guarantee with a share capital.
Company limited by shares
the liability of its members is limited to the amount, if any, unpaid on shares held by the members
can be private or public company
must have words Sdn. Bhd. for private or Bhd for public companies
Unlimited company
may or may not have share capital.
either be private company or public company
the liability of member will only arise if the company is wound up and is unable to meet its debts
The word sdn shall aprear at end of company name
Public Company
listed in Bursa Malaysia Securities Berhad
raise capital by seeking funds from the public
must hold AGM
has more disclosures requirements for directors and shareholders like related party transactions, substantial shareholders, director’s service contracts to be made available for inspection and to be kept at registered office etc.
Private Company
Company limited by shares having not more than fifty shareholders may be registered as a private company
shall restrict the transfer of its shares
Prohibited to offer shares or debentures or invite to deposit money
Exempt private company
Exempted from prohibitions related to loans to persons connected with directors under s.225(1).
Exempted from prohibitions related to loans to director
name shall be followed with Sdn. Bhd.
Holding & Subsidiary company
the holding company controls the composition of the subsidiary’s board
The holding company is in a position to control more than one-half of the voting power of the subsidiary
The holding company holds more than one-half of the issues share capital of the subsidiary
The subsidiary company is a subsidiary of any corporation which is itself a subsidiary of the holding company
Foreign company
registered under CA 2016 but having incorporated status outside Malaysia
must submit necessary documents to the ROC along with a prescribed fee
must comply with sections 561-579 of CA 2016