A feature common to public and private limited liability companies is that
-
A.
both can sue and be sued -
B.
the minimum number of their shareholders is five -
C.
the transfer of their shares is not restricted -
D.
their annual accounts are published for public use
Correct Answer: Option A
Explanation
Common Features of Private and Public Limited Companies
- Both types of companies are registered with the words “Ltd” / “Sdn Bhd” under the Companies Act.
- The shareholders and the company are separate entities, they can sue and be sued
- All shareholders have limited liability.
- A board of directors is elected by the shareholders. …
- Salaries managers are employed to manage the business.