, MRL2601 Assignment 2 SEMESTER 1(COMPLETE ANSWERS)
2026-DUE 8 April 2026;100% trusted ,comprehensive and complete
reliable solution with clear explanation
Question 1
1.1 Mandla and Suzan want to incorporate a company called Uniq Ltd.
Briefly explain the steps that would need to be taken in order to
incorporate the company. [6 marks]
Answer: Question 1.1
To incorporate Uniq Ltd, Mandla and Suzan must follow the formal
procedures prescribed by the Companies Act 71 of 2008, which
regulates the formation and registration of companies in South Africa.
Firstly, the incorporators must choose and reserve a company name.
The proposed name must comply with the requirements of the
Companies Act and may not be the same as, or confusingly similar to,
the name of an existing company, close corporation, or registered trade
mark. The chosen name must be submitted to and reserved with the
Companies and Intellectual Property Commission (CIPC) before
incorporation can proceed.
Secondly, a Memorandum of Incorporation (MOI) must be
prepared. The MOI is a fundamental document that sets out the
company’s rights, duties, and responsibilities. It regulates matters such
as the relationship between shareholders, the powers of directors, and
the manner in which the company will be governed. The MOI must
comply with the provisions of the Companies Act.
2026-DUE 8 April 2026;100% trusted ,comprehensive and complete
reliable solution with clear explanation
Question 1
1.1 Mandla and Suzan want to incorporate a company called Uniq Ltd.
Briefly explain the steps that would need to be taken in order to
incorporate the company. [6 marks]
Answer: Question 1.1
To incorporate Uniq Ltd, Mandla and Suzan must follow the formal
procedures prescribed by the Companies Act 71 of 2008, which
regulates the formation and registration of companies in South Africa.
Firstly, the incorporators must choose and reserve a company name.
The proposed name must comply with the requirements of the
Companies Act and may not be the same as, or confusingly similar to,
the name of an existing company, close corporation, or registered trade
mark. The chosen name must be submitted to and reserved with the
Companies and Intellectual Property Commission (CIPC) before
incorporation can proceed.
Secondly, a Memorandum of Incorporation (MOI) must be
prepared. The MOI is a fundamental document that sets out the
company’s rights, duties, and responsibilities. It regulates matters such
as the relationship between shareholders, the powers of directors, and
the manner in which the company will be governed. The MOI must
comply with the provisions of the Companies Act.
