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MRL2601 Assignment 2 Semester 2 - 2023
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  • Course
  • MRL2601 - Entrepreneurial Law
  • Institution
  • University Of South Africa (Unisa)

MRL2601 Assignment 2 Semester 2 - 2023 QUESTION 1 Nandi and Patricia want to start a catering business together called It-out (Pty) Ltd. Briefly explain the steps which they would need to take in order to incorporate a company. (5) QUESTION 2 The board of directors of Mongalo Estates (Pty) ...

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  • July 21, 2023
  • 5
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • mrl2601 assignment 2 semester 2 2023

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  • University of South Africa (Unisa)
  • MRL2601 - Entrepreneurial Law
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MRL2601
Assignment 2 - Semester 2 - 2023
Unique Number: 588481



QUESTION 1

Nandi and Patricia want to start a catering business together called It-out (Pty)
Ltd. Briefly explain the steps which they would need to take in order to
incorporate a company. (5)

To register a company, a Notice of Incorporation and a copy of the Memorandum of
Incorporation must be lodged with the Commission and the prescribed registration
fee must be paid. Section 1 of the Companies Act determines that to “lodge” the
documents means to deliver them to the Commission (CIPC), which is responsible
for registration.

Once the Notice of Incorporation has been filed, the Commission

• assigns a unique number to the corporation
• enters prescribed information regarding the company in the Companies Register
• issues and delivers a registration certificate to the company if all the other
requirements have been complied with



QUESTION 2

The board of directors of Mongalo Estates (Pty) Ltd is contemplating selling 80
per cent of the company’s assets to Hinrich Schupple, a German businessman.

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