CRG660 Company Secretarial Practice Assignment Sample UiTM Malaysia
The CRG660 Company Secretarial Practice is designed for students who have little or no practical experience in this area and are unable to undertake the time-consuming task on their own. It is aimed at providing an opportunity where those with limited backgrounds can learn about basic office procedures under supervision from qualified professionals so as not only to prepare themselves but also give them access to other areas such as billing etc., which may require more knowledge later down line due to changes within business environments.
This course is designed to provide students with an introduction to the theory and practice of company secretarial work. It covers a range of topics including the role of the company secretary, company law, meetings, minutes and resolutions, share capital, registered office requirements, statutory registers and returns. The course also includes a range of practical activities such as preparing meeting agendas and minutes and completing statutory returns.
On completion of this course, students will have a sound understanding of the role of the company secretary and the main responsibilities associated with the role. They will also be able to apply their knowledge of company law to practical situations and have developed a range of skills in meetings, minutes and resolutions, share capital, statutory registers and returns.
This course is therefore suitable for those who wish to learn about the fundamental duties and responsibilities of a company secretary as well as gain an understanding of the statutory requirements placed on companies. It would also be beneficial for employees who support company secretaries in their work.
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Assignment Task 1: Explain The Various Aspects Of Company Secretarial Practices That Affect The Operation Of A Company.
There are a variety of company secretarial practices that affect the operation of a company. For example, the appointment and resignation of directors, the declaration and payment of dividends, and the filing of annual returns. These practices help to ensure the legal and financial compliance of a company and can have a significant impact on its operations.
It is therefore important for companies to have robust procedures in place for managing these various aspects of their business. An experienced and competent company secretary can play a vital role in ensuring that these procedures are followed correctly and efficiently.
Each of these practices has an impact on the day-to-day operations of a company, and it’s important to understand them to make informed decisions about your business. For instance, if you’re considering appointing new directors to your company, you’ll need to be aware of the process involved and what documentation is required. Similarly, if you’re thinking of paying a dividend, you’ll need to know the tax implications and how to declare it correctly.
It’s also worth noting that company secretarial practices can vary from country to country. So, if you’re doing business internationally, it’s important to be aware of the differences and make sure you comply with the relevant regulations. Overall, company secretarial practices play a vital role in the operation of a company. By understanding them, you can make sure your business runs smoothly and efficiently.
Assignment Task 2: Describe The Provisions Of The Companies Act 2016 And The Applications Of The Act From The Formation Of Companies Up To Winding Up
The Companies Act 2016 (the “Act”) was passed by the Malaysian parliament on 25 October 2016 and came into force on 1 January 2017. The Act will repeal the Companies Act 1965 (the “1965 Act”).
The provisions of the Act from the formation of companies up to winding up are discussed below:
Under section 16 of the Act, a company must have at least one director and one shareholder. A director must be a natural person aged 18 years or above unless he is appointed as a nominee director by another company. A shareholder may be either a natural or artificial person and may hold shares in his name or the name of another person. A private limited company must have at least two shareholders, while a public limited company must have at least seven shareholders.
Under the Act, shares may be issued with or without par value. If shares are issued without par value, the authorised capital of the company is the total number of shares that the company is authorised to issue. If shares are issued with par value, the authorised capital of the company is the total par value of the shares that the company is authorised to issue.
Under section 18 of the Act, a company may be incorporated as either a private or public company. A private company must have the word “sectarian Berhad” or “Sdn. Bhd.” as part of its name, while a public company must have the word “Berhad” or “Bhd.” as part of its name. Under section 23 of the Act, a private company may issue shares with or without par value, while a public company must issue shares with par value.
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Assignment Task 3: Identify The Relevant Legislation, Regulations And Guidelines About Corporate Governance And The Regulatory Authorities Of The Securities Industry
The laws, regulations, and guidelines related to corporate governance can be complex and nuanced. Companies need to be aware of the relevant authorities that regulate the securities industry specifically. The following are some of the most important organizations in this area:
The Securities and Exchange Commission (SEC) is a federal agency that regulates the securities industry in the United States. The SEC sets rules and regulations for publicly traded companies, brokers, dealers, and investment advisors.
The Financial Industry Regulatory Authority (FINRA) is an independent self-regulatory organization that oversees all securities firms doing business with the public in the United States. FINRA licenses brokers and dealers’ estate abolishes rules governing their activities, and disciplines violators.
The National Association of Securities Dealers (NASD) was a membership organization for securities firms that operated the Nasdaq Stock Market. The NASD was merged with FINRA in 2007.
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