Exam (elaborations)
FBE2604 MAY JUNE 2023
- Course
- Institution
- Book
FBE2604 MAY JUNE 2023
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
BWE1501 Assignment 1 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED
-
FBE2604 MAY JUNE 2023
-
BWE1501 EXAM PACK 2023
Seller
Follow
GoldenStudent
Content preview
FBE2604 MAY EXAM 20231.1 Personal Liability
1.2 Alternate director
1.3 Registration certificate
1.4 incorporation date
1.5 Derivative action
1.6 Corporate social responsibility
1.7 Proxy
1.8 Debenture
1.9 Unalterable provision
1.10 Quorum
, QUESTION 2
2.1.
Frances, Joanne and Sophy can start a non-profit company (NCP).
A non-profit company is a company that is not formed with the aim of
making a profit for its members (note that a non-profit company has
members and not shareholders like profit companies).
Its objects must relate to social activities, public benefits, cultural
activities or group interests.
A non-profit company must be formed by at least three persons who will
be the company’s first directors.
It must have at least three directors, but they are not allowed to obtain
any financial gain from the company other than remuneration for the
work they perform.
A non-profit company does not have to have members. If these
companies have members, some members may enjoy voting rights,
while others may not.
If these companies have members, some members may enjoy voting rights
while others may not. The income and property of non-profit companies are not
distributable to its incorporators, members, directors, officers or persons related
to any of them. Upon liquidation, income and assets must be paid over to
another non-profit company, voluntary association or trust with a similar
purpose
2.2.
Contracts on behalf of the yet-to-be formed company in terms of the Companies
Act 71 of 2008 are referred to pre incorporation contracts
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GoldenStudent. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.66. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76799 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now