Companies and Other Business Structures in South Africa
Well-structured LML4806 Assignment 1 (ANSWERS) Semester 1 2024 - DETAILED ANSWERS, REFERENCES AND GUIDELINES - DISTINCTION GUARANTEED!). Question: 1
Mandla is both a director and shareholder of Cargo Logistics Ltd. He wants to buy more shares in Cargo Logistics Ltd but does not have enough money t...
Exam (elaborations) LML4806Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE March 2024 • Course • ENG1501 - Foundations In English Literary Studies (LML4806) • Institution • University ...
LML4806 Assignment 02 2024 semester 01
LML4806 ASSIGNMENT 02 2024 SEMESTER 01
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Company Law (ENG1516)
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LML4806
Assignment 1 Semester 1 2024
Unique Number:
Due Date: March 2024
QUESTION 1
In order to ascertain whether an intended transaction constitutes financial assistance in
connection with the purchase of shares, the transaction should pass two phases. The first phase
is whether the transaction constitutes financial assistance and the second phase is whether the
financial assistance is for the purpose of acquiring shares in a company. To ascertain whether
the transaction qualifies as financial assistance, the impoverishment test as formulated in the
case of Gradwell (Pty) Ltd v Rostra Printers Ltd 1959 (4) SA 419 (A) should be relied upon.
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