Delinquent directors - Study guides, Study notes & Summaries

LML4806 PORTFOLIO MEMO - OCT./NOV. 2023 - SEMESTER 2 - UNISA - DUE 3 NOVEMBER 2023 - DETAILED ANSWERS WITH FOOTNOTES & BIBLIOGRAPHY- DISTINCTION GUARANTEED! QUESTION 1 1.1 Briefly outline the values that are embodied in the African philosophy of ubuntu and discuss, with reference to the Companies Act 71 of 2008, whether the values of ubuntu have been infused in the law regulating companies in South Africa. (10) 1.2 The Memorandum of Incorporation of CH Adventures (Pty) Ltd (‘the Compa...

LML4806 EXAM PACK 2023 LATEST QUESTIONS WITH ANSWERS . Exclusive Properties (Pty) Ltd (the company) has four shareholders, each holding 25% of the voting rights in the company. All of the shareholders are also directors of the company. The Memorandum of Incorporation of the company has not changed the default position in terms of the Companies Act 71 of 2008 regarding the threshold required to pass ordinary resolutions. The company held a board meeting at which three directors were present....

CMCA - M100 Questions And Revised Correct Answers 55 and older community - ANSWER : Must have one person who is 55 years of age or older living in at least 80% of its occupied units. The community must be designated "55 and older" to qualify as this type of housing that legally prohibits children and limits occupancy to a certain age span. The designation process involves submitting applications and obtaining approval before any enforcement of the ages of residents commences. Ap...

What year was the PGA of America founded? - 1916 Helping deserving members find employment was adopted as an Association objective following WWII. - False What is the name of the trophy awarded to the winner of the PGA Championship? - Wanamaker Trophy Who originally formed the organization that became legally separate from the PGA of America and is now known as the PGA Tour? - Tournament Players Division (TPD) The current Ryder Cup format is a match between a team of golf professionals ...

2024/2025 LAW RESA Corporation Exam - Questions with Verified Answers, A Grade As regards the corporate by laws, which of the following is false? A. To adopt majority of the outstanding capital stock is needed B. To delegate to the BOD the power to amend, repeal, or adopt new by-laws, 2/3 of the outstanding capital stock C. To revoke the power delegated to the board to amend, repeal, or adopt new by-laws, 2/3 of the outstanding capital stock D. To amend, repeal or adopt new by-laws, majority o...

PGA Qualifying Test with 100% Correctly Solved Answers What year was the PGA of America founded? -Answer-1916 Helping deserving members find employment was adopted as an Association objective following WWII. -Answer-False What is the name of the trophy awarded to the winner of the PGA Championship? - Answer-Wanamaker Trophy Who originally formed the organization that became legally separate from the PGA of America and is now known as the PGA Tour? -Answer-Tournament Players Division (TPD...

How would you argue investment value in ARB for a recently sold hotel? (investment value typically > market value) - ️️Buyer is willing to pay a premium because they believe that the value will go up in future years, however market value is as of January 1 of the current tax year. So the value should not be based off that sale price because it was an investment, but not reflective of the current market value, or based off the previous year. What is the breakdown of tax revenue for T...

Quorum requirements conflicts are resolved by: a. state statute b. the board of directors c. a vote of those present at a meeting d. appointment of a person as a proxy A Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b. manager will faithfully follow all document provisions. c. association will be covered for shortfalls in the reserve accounts. d. association will recover any funds lost through employee dishonesty D Br...

QUESTION 1 50 marks PART 1 20 marks Snazzy-Sewing Ltd is a textile company that operates all over South Africa. The company secretary of Snazzy-Sewing Ltd has recently resigned, and the following candidates are being considered for appointment: • Nylon (Pty) Ltd, a company specialising in providing company secretarial services. The company has two directors, Mr Denim and Mr Jeans. They are also the only two employees of Nylon (Pty) Ltd. Both Mr Denim and Mr Jeans have the requisite ...

PGA Qualifying Test with 100% Correctly Solved Answers What year was the PGA of America founded? -Answer-1916 Helping deserving members find employment was adopted as an Association objective following WWII. -Answer-False What is the name of the trophy awarded to the winner of the PGA Championship? - Answer-Wanamaker Trophy Who originally formed the organization that became legally separate from the PGA of America and is now known as the PGA Tour? -Answer-Tournament Players Division (TPD...