PKT Bhd. is planning to issue new shares in order to increase its share capital. Based on the Companies Act 2016, advise PKT Bhd. on the following:

(a) Types of shares a company may be issued (10 marks)

(b) Rights and powers attaching to shares (10 marks)

(c) The redemption of the preference shares (15 mark)

Discuss the conditions of the Solvency Test required of a public company for the purpose of the:

(a) redemption of preference shares (15 marks)

(b) purchase of its own shares