LML4806 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 - UNISA – DUE DATE: - 15 MARCH 2024 (DETAILED REFERENCES)
143 vistas 7 veces vendidas
Grado
Company Law (LML4806)
Institución
University Of South Africa (Unisa)
Book
Companies and Other Business Structures in South Africa
LML4806 ASSIGNMENT 1 MEMO - SEMESTER 1 - 2024 - UNISA – DUE DATE: - 15 MARCH 2024 (DETAILED REFERENCES)
QUESTION 1
Mandla is both a director and shareholder of Cargo Logistics Ltd. He wants to buy more shares in Cargo Logistics Ltd but does not have enough money to do so. He offers to rent o...
LML4806 ASSIGNMENT 1 MEMO - SEMESTER 2 - 2024 - UNISA - DUE : 20 AUGUST 2024 - UNIQUE NUMBER:- 590226 ( FULLY REFERENCED WITH FOOTNOTES- DISTINCTION GUARANTEED)
FBE2604 ASSIGNMENT 2 SEMESTER 2 - 2024
FBE2604 ASSIGNMENT 1 SEMESTER 2 - 2024
Todos para este libro de texto (16)
Escuela, estudio y materia
University of South Africa (Unisa)
Company Law (LML4806)
Todos documentos para esta materia (58)
Vendedor
Seguir
BiancaMallen
Comentarios recibidos
Vista previa del contenido
COMPANY LAW
LML4806
ASSIGNMENT 1
DUE DATE: - 15 MARCH 2024
UNIQUE NUMBER: - 784139
SEMESTER 1 2024
UNISA
INCLUDES FOOTNOTES AND/OR
BIBLIOGRAPHY
PREVIEW AVAILABLE ON PAGE 1.
THE LAW TUTOR
Disclaimer
Extreme care has been used by our Tutors to draft this document,
however the contents are provided “as is” without any representations
or warranties, express or implied. This document is to be used for
comparison, research, and reference purposes ONLY. No part of this
document may be reproduced, resold, or transmitted in any form or by
any means without prior written permission from the Author. – THE
LAW TUTOR
, QUESTION 1
Mandla is both a director and shareholder of Cargo Logistics Ltd. He wants to
buy more shares in Cargo Logistics Ltd but does not have enough money to do
so. He offers to rent out a warehouse to Cargo Logistics Ltd. Cargo Logistics
Ltd agrees to pay R1.2 million per annum as rent for the warehouse. Mandla then
uses part of the money to purchase 10 000 shares in Cargo Logistics Ltd. With
reference to the relevant case law, statutory provisions and the facts provided
in the above scenario, discuss whether Cargo Logistics Ltd has provided
financial assistance for the purchase of its securities.
In the scenario described, the transaction involving Mandla, Cargo Logistics
Ltd, and the rental of a warehouse raises questions about whether Cargo
Logistics Ltd has provided financial assistance for the purchase of its
securities. The issue revolves around the concept of financial assistance,
particularly in the context of share acquisitions.
The Companies Act, statutory provisions, and relevant case law come into play.
1. Companies Act Provisions: -
Section 44(2): This section prohibits a company from providing financial
assistance for the purpose of or in connection with the purchase of its own shares,
or the shares of its holding company.1
Section 45: Provides exceptions to the prohibition, allowing financial assistance if
certain requirements are met, such as a special resolution of shareholders.2
1
Companies Act 71 of 2008.
2
Companies Act 71 of 2008.
Los beneficios de comprar resúmenes en Stuvia estan en línea:
Garantiza la calidad de los comentarios
Compradores de Stuvia evaluaron más de 700.000 resúmenes. Así estas seguro que compras los mejores documentos!
Compra fácil y rápido
Puedes pagar rápidamente y en una vez con iDeal, tarjeta de crédito o con tu crédito de Stuvia. Sin tener que hacerte miembro.
Enfócate en lo más importante
Tus compañeros escriben los resúmenes. Por eso tienes la seguridad que tienes un resumen actual y confiable.
Así llegas a la conclusión rapidamente!
Preguntas frecuentes
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.
100% de satisfacción garantizada: ¿Cómo funciona?
Nuestra garantía de satisfacción le asegura que siempre encontrará un documento de estudio a tu medida. Tu rellenas un formulario y nuestro equipo de atención al cliente se encarga del resto.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BiancaMallen. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for $3.01. You're not tied to anything after your purchase.
