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LML4806
COMPANY LAW
UNISA
2021
ASSIGNMENT NUMBER 2
DUE DATE: 1 JULY 2021
TOTAL: 15 MARKS
Assignment 02 Unique number for Unique number for Due Date
Assignment students registered students registered
for Semester 01 for Semester 02
Assignment 02 519419 898033 01 July 2021
, A successful businesswoman, Barbara, has recently incorporated Refresh Limited,
a newly established soft-drinks company that manufactures a variety of flavoured
soft-drinks. The company’s subsidiary, Red Limited, focuses on the supply and
distribution of Refresh Limited’s manufactured products. Barbara is unsure about
who is required to appoint the first members of the audit committee. She is also
unsure about whether the following persons would qualify to be appointed as
members of the audit committee:
Vela, an executive director of Refresh Limited;
Marianne, a non-executive director of Refresh Limited;
Judith, a material supplier of plastic bottles to Refresh Limited; and
Michelle, a qualified auditor who is married to Vela.
With reference to the relevant provisions of the Companies Act 71 of 2008, advise
Barbara on the following issues: