A feature common to public and private limited liability companies is that
-
both can sue and be sued
- the minimum number of their shareholders is five
- the transfer of their shares is not restricted
- their annual accounts are published for public use
The correct answer is: 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.