MRL2601
Assignment 2
Semester 1
Due 8 April 2026
, MRL2601: Assignment 2
Semester 1, 2026
Due Date: 8 April 2026
Question 1
1.1 Steps to incorporate Uniq Ltd. (6)
Answer:
To incorporate a company like Uniq Ltd, Mandla and Suzan must follow the steps
prescribed in the Companies Act 71 of 2008:
1. Reserve a company name – Apply to the CIPC to reserve “Uniq Ltd”
(Companies Act s11).
2. Prepare required documents – Draft the Memorandum of Incorporation
(MOI) outlining company rules, shareholder rights, and governance (Cassim et
al., 2019).
3. Register with CIPC – Submit the MOI, notice of incorporation, and prescribed
forms with the registration fee (Companies Act s13).
4. Obtain registration certificate – CIPC issues a certificate of incorporation,
confirming the company’s legal existence (Companies Act s12).
5. Register for tax and statutory obligations – Obtain a SARS tax number;
register for VAT, UIF, etc., if applicable.
6. Open a company bank account – Enables the company to transact in its own
name.
Example: Once Uniq Ltd is incorporated, it can enter into contracts and own property
independently from Mandla and Suzan.
Assignment 2
Semester 1
Due 8 April 2026
, MRL2601: Assignment 2
Semester 1, 2026
Due Date: 8 April 2026
Question 1
1.1 Steps to incorporate Uniq Ltd. (6)
Answer:
To incorporate a company like Uniq Ltd, Mandla and Suzan must follow the steps
prescribed in the Companies Act 71 of 2008:
1. Reserve a company name – Apply to the CIPC to reserve “Uniq Ltd”
(Companies Act s11).
2. Prepare required documents – Draft the Memorandum of Incorporation
(MOI) outlining company rules, shareholder rights, and governance (Cassim et
al., 2019).
3. Register with CIPC – Submit the MOI, notice of incorporation, and prescribed
forms with the registration fee (Companies Act s13).
4. Obtain registration certificate – CIPC issues a certificate of incorporation,
confirming the company’s legal existence (Companies Act s12).
5. Register for tax and statutory obligations – Obtain a SARS tax number;
register for VAT, UIF, etc., if applicable.
6. Open a company bank account – Enables the company to transact in its own
name.
Example: Once Uniq Ltd is incorporated, it can enter into contracts and own property
independently from Mandla and Suzan.
