LML4806 ASSIGNMENT 1 MEMO - SEMESTER 2 - 2023 - UNISA - (DETAILED ANSWERS WITH REFERENCES - DISTINCTION GUARANTEED) – DUE DATE: - 25 AUGUST 2023 - UNIQUE NUMBER: -
Question: 1
Shareholders’ resolutions must usually be voted on at properly constituted
meetings of the company’s shareholde...
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LML4806
Company Law
ASSIGNMENT 1 MEMO
SEMESTER 2 – 2023
UNIQUE NUMBER: - 818236
DUE DATE: - 25th AUGUST 2023
Includes Footnotes and/or Bibliography*
QUESTIONS
Shareholders’ resolutions must usually be voted on at properly constituted meetings of the
company’s shareholders. However, the Companies Act 71 of 2008 provides for an exception to
this general rule. Explain what this exception under the Companies Act 71 of 2008 entails.
(5)
The exception to the general rule of voting on shareholders' resolutions at properly constituted
meetings is provided under Section 60 of the Companies Act 71 of 2008. This section allows for
written resolutions to be passed by shareholders without the need for a physical meeting.
Under this exception, shareholders can pass resolutions by written consent instead of convening
a meeting. The Act sets out the requirements for this process, which include:
Written consent: The resolution must be in writing and signed by all shareholders who are entitled
to vote on the matter. Each shareholder's signature can be in physical or electronic form.
QUESTIONS/ ANSWERS CONTINUE….
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