MRL2601 Assignment 2 Semester 1 2026 (Answer Guide) - DUE 8 April 2026
VERIFIED AND CERTIFIED ANSWERS. WRITTEN IN REQUIRED FORMAT AND WITHIN
GIVEN GUIDELINES. IT IS GOOD TO USE AS A GUIDE AND FOR REFERENCE, NEVER
PLAGARIZE. Thank you and success in your academics.
UNISA, 2025
Contents
1.1 Steps to Incorporate Uniq Ltd ............................................................................................2
Step 1: Decide on the Type of Company .............................................................................2
Step 2: Reservation of the Company Name ........................................................................2
Step 3: Preparation of the Memorandum of Incorporation (MOI) .....................................3
Step 4: Appointment of Directors and Incorporators ........................................................4
Step 5: Submission of Incorporation Documents to the CIPC .........................................4
Step 6: Issuing of the Registration Certificate ....................................................................4
Step 7: Post-Incorporation Matters ......................................................................................5
Conclusion ..............................................................................................................................5
1.2 Common Law Alternatives to a Pre-Incorporation Contract ..........................................6
Common Law Alternatives to a Pre-Incorporation Contract (Explained For revision)......6
1. Suspensive Condition........................................................................................................6
2. Resolutive Condition .........................................................................................................6
3. Option to Contract ..............................................................................................................6
4. Agency Agreement .............................................................................................................7
5. Agreement to Agree ...........................................................................................................7
, 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.
1.1 Steps to Incorporate Uniq Ltd
Incorporation of a company in South Africa is governed by the Companies Act 71 of
2008 and is administered by the Companies and Intellectual Property Commission
(CIPC). For Mandla and Suzan to incorporate Uniq Ltd, they would need to follow the
steps set out below.
Step 1: Decide on the Type of Company
Mandla and Suzan must first decide on the type of company they wish to incorporate.
Since the proposed name is Uniq Ltd, this indicates a private company. A private
company must include the expression “(Pty) Ltd” or “Ltd” in its name and is
characterised by restricted share transfers and a prohibition on offering shares to the
public.
This decision is important because it determines the company’s legal characteristics,
governance structure, and compliance requirements under the Act.
Step 2: Reservation of the Company Name
The next step is to reserve the proposed company name with the CIPC. Mandla and
Suzan must submit a name reservation application, proposing one or more names in
order of preference.
The CIPC will assess whether the name is:
Not the same as or confusingly similar to an existing company name or
trademark; and
Not misleading or prohibited by the Companies Act.
VERIFIED AND CERTIFIED ANSWERS. WRITTEN IN REQUIRED FORMAT AND WITHIN
GIVEN GUIDELINES. IT IS GOOD TO USE AS A GUIDE AND FOR REFERENCE, NEVER
PLAGARIZE. Thank you and success in your academics.
UNISA, 2025
Contents
1.1 Steps to Incorporate Uniq Ltd ............................................................................................2
Step 1: Decide on the Type of Company .............................................................................2
Step 2: Reservation of the Company Name ........................................................................2
Step 3: Preparation of the Memorandum of Incorporation (MOI) .....................................3
Step 4: Appointment of Directors and Incorporators ........................................................4
Step 5: Submission of Incorporation Documents to the CIPC .........................................4
Step 6: Issuing of the Registration Certificate ....................................................................4
Step 7: Post-Incorporation Matters ......................................................................................5
Conclusion ..............................................................................................................................5
1.2 Common Law Alternatives to a Pre-Incorporation Contract ..........................................6
Common Law Alternatives to a Pre-Incorporation Contract (Explained For revision)......6
1. Suspensive Condition........................................................................................................6
2. Resolutive Condition .........................................................................................................6
3. Option to Contract ..............................................................................................................6
4. Agency Agreement .............................................................................................................7
5. Agreement to Agree ...........................................................................................................7
, 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.
1.1 Steps to Incorporate Uniq Ltd
Incorporation of a company in South Africa is governed by the Companies Act 71 of
2008 and is administered by the Companies and Intellectual Property Commission
(CIPC). For Mandla and Suzan to incorporate Uniq Ltd, they would need to follow the
steps set out below.
Step 1: Decide on the Type of Company
Mandla and Suzan must first decide on the type of company they wish to incorporate.
Since the proposed name is Uniq Ltd, this indicates a private company. A private
company must include the expression “(Pty) Ltd” or “Ltd” in its name and is
characterised by restricted share transfers and a prohibition on offering shares to the
public.
This decision is important because it determines the company’s legal characteristics,
governance structure, and compliance requirements under the Act.
Step 2: Reservation of the Company Name
The next step is to reserve the proposed company name with the CIPC. Mandla and
Suzan must submit a name reservation application, proposing one or more names in
order of preference.
The CIPC will assess whether the name is:
Not the same as or confusingly similar to an existing company name or
trademark; and
Not misleading or prohibited by the Companies Act.
