Question: There are ten wrong information in the article. Highlight the wrong information and rectify the wrong informat The CA 2 0 1 6 also prescribes

There are ten wrong information in the article. Highlight the wrong information and rectify the wrong informat
The CA 2016 also prescribes the new liability imposed on the member. Section 133(1) states that the company may recover the amount of distribution received by a shareholder which exceeds the amount which could properly have been made unless the shareholder (1) has received the distribution in good faith; and (2) has no knowledge that the company did not satisfy the solvency test.The CA2016 mandates partial compliance to the applicable approved accounting standards issued by the Malaysian Accounting Standards Board (MASB). This supports full convergence of local and international accounting practices into a single source of reference with the force of law.

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