MRL 2601 ASSIGNMENT 2
Johns Hopkins University
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MRL 2601 ASSIGNMENT 2
- Exam (elaborations) • 3 pages • 2021
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Question 1
The Companies Act 71 of 2008 in Section 44 states that if financial assistance is not
prohibited by the Memorandum of Incorporation and that certain requirements are met; a
company may give financial assistance by granting a loan, guarantee, provision of security,
or otherwise to a person for the purpose of, or in connection with, the acquisition of shares
and other securities in the company.
1
Vusi, a shareholder and director of Securities (Pty) Ltd, lent Jonathan money to ena...
Exam (elaborations)
MRL 2601 ASSIGNMENT 2
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Question 1 The Companies Act 71 of 2008 in Section 44 states that if financial assistance is not prohibited by the Memorandum of Incorporation and that certain requirements are met; a company may give financial assistance by granting a loan, guarantee, provision of security, or otherwise to a person for the purpose of, or in connection with, the acquisition of shares and other securities in the company. 1 Vusi, a shareholder and director of Securities (Pty) Ltd, lent Jonathan money to ena...
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