LML4806 ASSIGNMENT 2 SEMESTER 1 2024 (WITH FOOTNOTES AND BIBLIOGRAPHY)
21 views 2 purchases
Course
Company Law (LML4806)
Institution
University Of South Africa (Unisa)
Book
Companies Act 71 of 2008 & Regulations
This document contains detailed, clear, suggested solutions for COM3702 Assignment 1, Semester 1, 2024. (WITH FOOTNOTES AND BIBLIOGRAPHY)
1.1 Explain what business rescue i...
,Table of Contents
1.1 Explain what business rescue is and indicate the circumstances in which
business rescue proceedings may be used...................................................................... 3
1.2 Advise Jane and Steven how business rescue proceedings may be commenced
and indicate whether Jane and Steven, in their capacity as employees, would have
any means of ensuring that the business rescue proceedings are commenced. .......... 4
2. With reference to the relevant statutory provisions, advise the board of Springboard
(Pty) Ltd on whether and how (if at all) the shareholders opposed to the merger would
be able to prevent the merger from taking place. ............................................................. 5
, 1.1 Explain what business rescue is and indicate the circumstances in which
business rescue proceedings may be used.
Business rescue is a legal process provided for in the Companies Act 71 of 2008 of
South Africa. It is defined under Section 128(1)(b) as a procedure to facilitate the
rehabilitation of a company that is financially distressed by providing for the temporary
supervision of the company and the management of its affairs, business, and property
by a business rescue practitioner.1…
1
Companies Act 71 of 2008. Sec 128(1)(b).
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 TheStudentConnection. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.01. You're not tied to anything after your purchase.
