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Science and Policy Studies

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AM/JAN 2024/ADM321

UNIVERSITI TEKNOLOGI MARA


FINAL EXAMINATION

COURSE CORPORATE COMPLIANCE AND PRACTICE II


COURSE CODE ADM321
EXAMINATION JANUARY 2024
TIME 3 HOURS

INSTRUCTIONS TO CANDIDATES

1. This question paper consists of two (2) parts: PART A (5 Questions)


PART B (3 Questions)

2. Answer ALL questions from Part A and any TWO (2) questions from Part B in the Answer
Booklet. Start each answer on a new page.

3. Do not bring any material into the examination room unless permission is given by the
invigilator.

4. Please check to make sure that this examination pack consists of:

i) the Question Paper


ii) an Answer Booklet - provided by the Faculty

5. Answer ALL questions in English.

DO NOT TURN THIS PAGE UNTIL YOU ARE TOLD TO DO SO


This examination paper consists of 3 printed pages

© Hak Cipta Universiti Teknologi MARA


2 AM/JAN 2024/ADM321

PART A

Assume Companies Act 2016 applies.

QUESTION 1

Identify any FOUR (4) differences between "shares" and "debentures"


(8 marks)

QUESTION 2

Describe the different requirements on declaration of solvency for members' voluntary and
creditors' voluntary winding up.
(8 marks)

QUESTION 3

Explain any TWO (2) characteristics of a fixed charge.


(8 marks)

QUESTION 4

State EIGHT (8) qualifications of a liquidator for company's winding up by the court.
(8 marks)

QUESTION 5

Briefly explain any FOUR (4) compliance for statutory requirements upon issuance of debenture
by public company.
(8 marks)

© Hak Cipta Universiti Teknologi MARA


3 AM/JAN 2024/ADM321

PARTB

Assume Companies Act 2016 applies.

QUESTION 1

The members of Silicon Alley Berhad want to discontinue the company's business and take back
their money to retire in comfort. The company is in a solvent position. They have come to you for
the following advice:

a) Describe the compliance required for members' voluntary winding up.


(10 marks)

b) Explain the date of commencement of voluntary winding up and its effects.


(10 marks)

QUESTION 2

Explain the procedure where a company refuses or delays the registration of transfer of shares
under Companies Act 2016.
(20 marks)

QUESTION 3

a) Describe any FIVE (5) features of debentures.


(10 marks)

b) Discuss the power of borrowings for a private company limited by shares. Supports your
answers with statutory law and citation of case law.

(10 marks)

END OF QUESTION PAPER

© Hak Cipta Universiti Teknologi MARA

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