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Summary AUE1601 ASSIGNMENT 2'
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AUE1601 ASSIGNMENT 2'
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5 reviews
By: shazzy123 • 3 year ago
By: kefilwesepamatla • 3 year ago
By: aneesahoosen • 3 year ago
Answers were missing in this assignment, these should be reviewed thoroughly before being out on sale .
By: LILSAINT • 3 year ago
Apologies.
By: Jenevieve • 3 year ago
By: SherbetLemon • 3 year ago
Some answers were wrong, poor format. Just not great.
By: LILSAINT • 3 year ago
It's a guide to the assignment. Not the exact answers. Exact answers will be plagiarism.
By: SherbetLemon • 3 year ago
You got the 2.1.b wrong... just a heads up.
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AUE1601Assignment 2 Semester 1 & 2 2021
Unique #: 648878
• .
PART 1
QUESTION 1
1.1.
a) Describe circumstances that, according to the Companies Act, will render a
person ineligible or disqualified from being appointed as a director.
Reference: Learning unit 4.1 and Companies Act, section 69
In accordance with section 69 of the Companies Act, the following persons are
ineligible to be appointed as a director of a company:
i. A juristic person
ii. An unemancipated minor, or someone who is under a similar legal disability
iii. or who does not satisfy any qualification set out in the company’s memorandum of
incorporation
Furthermore, the following individuals are disqualified to be appointed as a director of a
company:
i. If a court has prohibited the person or declared the person delinquent in terms of
section 162
ii. An unrehabilitated insolvent
iii. is prohibited in terms of any public regulation
iv. has been removed from an office of trust on the grounds of misconduct involving
dishonesty
v. has been convicted and imprisoned without the option of a fine, or fined more than
the prescribed amount for theft, forgery, perjury or an offence.
b) Discuss with reasons, whether or not Mr Motholo’s appointment as the
procurement director is valid.
Yes it is valid. Mr Motholo’s is qualified to be appointed as a director as nothing in the
information provided disqualifies him from been appointed a director.
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