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LML4806 Assignment 1 (ANSWERS) Semester 1 2025 - DISTINCTION GUARANTEED R50,00
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  3. University Of South Africa (Unisa)
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  5. Company Law (LML4806)

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LML4806 Assignment 1 (ANSWERS) Semester 1 2025 - DISTINCTION GUARANTEED
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  • January 25, 2025
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  • 2024/2025
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LML4806
Assignment 1 Semester 1 2025
Unique Number:
Due Date: 2025
QUESTION 1 (2 ANSWERS PROVIDED)

Companies Act 71 of 2008, section 58 shareholders are entitled to appoint a proxy to
represent them at a shareholders' meeting if they are unable to attend. This right allows a
shareholder to delegate their rights to another person who may attend, speak, and vote on
their behalf.



Section 58(1) of the Companies Act expressly states that a shareholder may appoint
another person as their proxy to participate in, speak, and vote at a shareholders’ meeting.
The proxy does not have to be a shareholder of the company. This means that Busi can
appoint any person she chooses to act on her behalf at the annual general meeting (AGM)
of Strada (Pty) Ltd.




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