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...
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