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LML4806 EXAM PACK 2024 A-C

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What info must be contained in a compromise proposal? - Correct Answer - any proposals made "informally" by a company creditor - details of all assets and creditors - treatment of ongoing contracts - order of preference, proceeds apply - conditions precedent - number of employees - t&c of em...

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LML4806 EXAM PACK 2024

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Types and Forms of Companies - Correct Answer 1. Profit Company 2. Non - profit company Profit companies 4 tipes - Correct Answer 1. Sate owned - schedule 2/3 of PFMA -Municipality - National government business 2. Public - can sell shares to public & freely transferable -Can be list...

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The legal definition of a share - Correct Answer Under the companies Act 71 of 2008, a share is defined as 'one of the units into which the proprietary interest in a profit company is divided". A share is a unit of the contribution made to the share capital. It is thus property and can be traded g...

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