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SHARE, CAPITAL & DEBENTURE - Coggle Diagram

- - - - Secured on particular property
    - - charge on all company's assets on present and future
        
        Deal with assets in ordinary course of business
      - Why?
        
        Allow company to borrow (no specific assets)
        
        Allow all types of assets
        
        Company can continue to use, buy & sell assets in the course of business
  - - - RM300
      - Form 34
        
        within 30 days
        
        Form 35
        
        Form 36
- - - - Distribute the assets after a wound up
    - - Effect a reduction of capital
        
        Reduce the shareholder's liability
        
        Cancelling any paid-up share capital which is lost or unrepresented by available assets
        
        pay off share capital when company's need exceeded
- - - - Distribution rights - profits
        
        Control Rights - ownership
      - Section 98:
        
        Movable property & Transferable
        
        Sec. 18(1)(c):
        
        The MOA's capital clause specifies the amount of capital the company intends to register and how it will be divided into fixed sums.
        
        Table A, Art. 2
        
        Such preferred, deferred, or other special rights or restrictions, whether with regard to dividend, voting, return of capital, etc., may be issued
    - - Ordinary:
        
        1 vote/ share, participate equally in dividends, share in the proceeds after all debts paid
      - Preferences:
        
        fixed amount of dividend expressed as % value of share, payable only out of profits, non-voting, prioritized on return of capital
    - - Entrench control, debts characteristics, incorporate joint venture, different participation
  - - - Accomodate
      - Different needs and preferences
      - Different types of investors
    - - Voting rights
      - Prioritized in capital repayment
      - Prioritized in dividend payments
      - Right to share in surplus assets
      - Entitled to dividends