R70 LML4806 LAST MINUTE EXAMINATION. 77 TO 80% QUARANTEED!!!!
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Course
LML4806 - Company Law (LML4806)
Institution
University Of South Africa (Unisa)
Book
Companies and Other Business Structures
HI STUDENTS, THIS DOCUMENT CONTAINS A FULLY ANSWERED COMPANY LAW IN WORD VERSION. STUDENTS MUST TAKE THIS LAST MINUTE OPPORTUNITY AND PURCHASE THE EXAM AT R70 ONLY.
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policies in this regard.
2. I declare that this assignment is my own, original work. Where I have used
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referencing. Every contribution to, and quotation in, this assignment from the
work or works of other people has been referenced according to this style.
3. I have not allowed, and will not allow, anyone to copy my work with the
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NAME : ( your name and surname)
SIGNTURE : ( intials and surname)
STUDENT NUMBER :
MODULE CODE : LML4806
DATE : 20 October 2021
QUESTION 1
With reference to the Companies Act 71 of 2008 and the facts provided, advise
Oliver whether his arguments hold merit, and whether the ordinary resolutions
were validly passed at the meeting.
1.1 If every shareholder of a company (other than a state-owned company) is also a
director of the company, any matter that is required to be referred by the board to the
shareholders for decision may be dealt with in terms of section 57(4) of the
Companies Act 71 of 2008. The effect of this section is that a matter may be referred
by the board to the shareholders without notice or compliance with any internal
formalities. However, this is subject to the Memorandum of Incorporation which may
provide otherwise. Therefore, as all the shareholders of Exclusive Properties (Pty)
Ltd are directors of the company, section 57(4) of the Companies Act 71 of 2008
would be applicable, unless the Memorandum of Incorporation provides otherwise.
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