18 Questions
Individuals who initiate the process are called 'subscribers'. They fill out an application to incorporate the company and list themselves as the proposed ______
members
Once the company is officially registered with the Companies Commission of Malaysia (CCM), these subscribers automatically become ______ of the company
members
After the company has been officially registered and is operational, it can issue new shares. These shares represent a portion of the company. Individuals who wish to become ______ of the company can do so by applying for these new shares or subscribing to them
members
This method involves acquiring shares that have already been issued by the company. One is through a transfer, where a current member decides to sell their shares to another individual. The other is through transmission, where the shares of a deceased member are passed on to their ______
heirs
What is the process through which individuals automatically become members of a company?
Initiating the company formation process
How can individuals increase a company's membership and raise capital for its operations?
By applying for new shares
In what scenario can a deceased member's shares be passed on to their heirs?
Through acquisition of already issued shares
When does the process of acquiring shares to become a member of the company take place?
After the company is officially registered
What is the term used for individuals who initiate the process of incorporating a company?
Incorporators
Which method allows individuals to become members of a company by acquiring new shares?
Apply/Subscribe method
What is the term used for the process of acquiring shares that have already been issued by the company?
Transmission method
What happens to the individuals who fill out an application to incorporate the company and list themselves as proposed members once the company is officially registered?
They become shareholders
When does the automatic membership method apply in the process of becoming a member of a company?
Once the company is officially registered
What do individuals acquire to become members of a company through the Apply/Subscribe method?
New shares or subscriptions
How can an individual become a member of a company through the acquisition of already issued shares method?
By acquiring shares through transfer or transmission
What is one way in which shares are acquired in the acquisition of already issued shares method?
By transferring or transmitting ownership from current members
What type of individuals automatically become members of a company without needing to take additional steps or actions?
Subscribers during incorporation
What happens to individuals who acquire new shares or subscribe to them after a company has been officially registered and is operational?
They become shareholders
Learn about the automatic membership method of company formation where subscribers become members once the company is officially registered, without needing to take any additional actions.
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