Public Company

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Outlines:

1. Public Company
a. Example of Company that converted from Private Company to Public Company 2. Differences between Private Company and Public company 3. Registration of Company Name
4. Document:
b. Pre incorporation documents
c. Certificate of Incorporation
d. Post Incorporation documents
5. Conclusion
6. Appendix

Example of company that converted from Private Company into Public Company Air Asia Bhd is an example of company which was a Sdn Bhd. The principal activity of AIRASIA is providing air transportation services. The principal activities of the subsidiaries are provision of inflight meals, tour operating business, providing aircraft leasing facilities, media owner with publishing division. AirAsia Berhad (AIRASIA), was incorporated as a private limited liability company and is both incorporated and domiciled in Malaysia. AIRASIA commenced operations in 1996 as a full - services domestic airline with two aircrafts.

The process of Private Company becomes Public Company.
In order for Air Asia Berhad become a Public Company, the CCM will issue FORM 8 instead of FORM 9 for the registration of public company. However, Air Asia cannot commence business and exercise its borrowing powers until it obtained FORM 23 which is the Certificate to Commence Business. For Air Asia Bhd, as mentioned above, it is not a Public Company at the first place. Air Asia Bhd was in 1993 and began operations on 18 November 1996. It was originally founded by a government-owned conglomerate, DRB-Hicom. On 2 December 2001 the heavily-indebted airline was bought by former Time Warner executive Tony Fernandes's company Tune Air Sdn Bhd for the token sum of one ringgit (about USD 0.26 at the time) with USD 11 million (MYR 40 million) worth of debts. Fernandes turned the company around, producing a profit in 2002 and launching new routes from its hub in Kuala Lumpur, undercutting former monopoly operator Malaysia Airlines with promotional fares as low as MYR 1 (USD 0.27).

In 2003, AirAsia opened a second hub at Senai International Airport in Johor Bahru near Singapore and launched its first international flight to Bangkok. AirAsia has since started a Thai subsidiary, added Singapore itself to the destination list, and started flights to Indonesia. Flights to Macau began in June 2004, and flights to mainland China (Xiamen) and the Philippines (Manila) in April 2005. Flights to Vietnam and Cambodia followed later in 2005 and to Brunei and Myanmar in 2006, the latter by Thai AirAsia. On August 2006, AirAsia took over Malaysia Airlines's Rural Air Service routes in Sabah and Sarawak, operating under the FlyAsianXpress brand. The routes were subsequently returned to MASwings a year later, citing commercial reasons. AirAsia's CEO Tony Fernandes subsequently unveiled a five-year plan to further enhance its presence in Asia. Under the plan, AirAsia proposes to strengthen and enhance its route network by connecting all the existing cities in the region and expanding further into Vietnam, Indonesia, Southern China (Kunming, Xiamen, Shenzhen) and India. The airline will focus on developing its hubs in Bangkok and Jakarta through its sister companies, Thai AirAsia and Indonesia AirAsia. With increase frequency and the addition of new routes, AirAsia expects passenger volume to reach 18 million by the end of 2007. On 27 September 2008, the company had on its list 106 new routes to be added to its then-current list of 60. The number of old routes discontinued has not been publicly disclosed. On 2 April 2012 Air Asia had their first flight from Sydney to Kuala Lumpur. In August 2011, AirAsia agreed to forge an alliance with Malaysian Airlines by means of a share swap. The alliance was struck down by the Malaysian government, in effect voiding the agreement of both airlines. According to the Consolidated - Non-Audited financial statement for the first quarter of 2012, total net operating...
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