SUBJECT: BUSINESS & COMPANY LAW

I NEED COMPLETE ANSWER

COURSE: DIPLOMA IN ACCOUNTING

TUTORIAL 1 TOPIC CLASSIFICATION OF COMPANY, CONSTITUTION \& PROMOTER Answer ALL 10 questions 1. Define the Company limited by shares. 2. What is the company limited by guarantee? Name 5 examples of this type of company in Malaysia. 3. List down 2 natures of Unlimited company. 4. State 5 characteristics of a private company? 5. What do you understand by the related company? 6. Who is the promoter? Justify your answer with the decided law case. 7. Point out 3 fiduciary duties of a promoter. 8. What is the effect of the constitution on its members? 9. Can the constitution of the company be altered? 10.The memorandum of association contains important information about the company. The articles of association contain the internal rules on the management of the company. Where then is this information found if the company does not have a constitution