QUOTE(flying_torso @ Apr 4 2012, 05:37 PM)
hi guys. I've completed the first 3 FIA papers, which is FFA, FMA, FAB. Originally it used to be, F3, F2 and F1 respectively. Im applying for a job soon. Just a thought, can i apply for an auditing role considering i've no working exprience. Furthermore i'm studying part time right now, which the subjects i'm taking are F4, F6 and F8. To all sifus, ur assistance is much appreciated..tq
most firms will hire entry level staff, working for small firms will give you flexibility to go for exam. do not pass any of F7, 8 or 9 before F4, this will result in you being opted out of OBU degree programme
QUOTE(tzxsean @ Apr 4 2012, 09:37 PM)
hi guys, I want to ask smtg bout the relevance of my understanding of "related company" under s2 of Promotion of Investment Act(PIA)
"related company"means a company
a) operations of which are or can be controlled directly or indirectly by the first mentioned company
-
(A)----50%------>(B)
b) which controls or can control either directly or indirectly the operations of first mentioned company
-
(A)<----50%-------(B)
this means A is related company of B and vice versa right? below is the part where I couldn't understand clearly what they're trying to express:
c) the operations of which are or can be controlled, either directly or indirectly, by a person or persons who
control or can control, either directly or indirectly, the operations of the first mentioned company.
Provided that a company shall be deemed to be related company of another company if-
aa) at least 20% of its issued share capital is beneficially owned, either directly or indirectly, by that other
company;or
bb) at least 20% of the issued share capital of that company is beneficially owned, either directly or indirectly by
the first mentioned company
-
(B)<----50%-----C------50%--->(A)
at the same time
(B)-----20%---->C (aa)
or
(A)----20%---->C (bb)
which means A , B and C are 3 related companies? i think it means
in a, b & c, the word 'control' means top management (usually directors) and nothing relevant to voting shares.
a & b means A Co. controls B Co. through appointment of directors by A Co. and vice versa.
c means A Co. controls B Co. through same directors
aa & bb means A holds B at least 20% voting rights either directly or through medium such as executives and complex group structure. vice versa
any of the above 5 scenarios happens will result in related party relationship