Write in your own words to avoid
Plagiarism!!
AUE1601
ASSIGNMENT 01
YEAR: 2026
, Started on Tuesday, 11 August 2026, 10:29 AM
State Finished
Completed on Tuesday, 11 August 2026, 11:11 AM
Time taken 41 mins 53 secs
Grade 30.00 out of 30.00 (100%)
Question 1
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Question text
Which one of the following statements regarding the memorandum of incorporation (MOI)
is TRUE in terms of the Companies Act?
a.
Once a company’s memorandum of incorporation (MOI) has been lodged with the CIPC it
may not be altered.
b.
Shares with par value may only be authorised and issued in a newly incorporated company,
if allowed by the memorandum of incorporation (MOI).
c.
A company’s memorandum of incorporation (MOI) may not permit a lower percentage of
voting rights to approve any special resolutions.
d.
The board may, unless prohibited by the memorandum of incorporation (MOI), make
changes to the number of authorised shares of a company.
Question 2
Not yet answered
Marked out of 2.00
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Question text
Mr Reagan is the owner of Reagans (Pty) Ltd, an electrical company that mainly performs
the services of installing distribution boards and issuing electrical compliance certificates.
Mr Reagan and Mr Scott, a qualified electrician, attended a conference in Europe on
alternative energy sources. Mr Reagan took his wife along and they spent an extra week
touring Europe at the company’s expense. At the time of the trip, Reagans (Pty) Ltd had
total assets of R22 million and total liabilities of R18 million and Reagans (Pty) Ltd’s current
liabilities exceeded the current assets by R2 million.Which one of the following options is
CORRECT if you want to evaluate whether the trip constitutes reckless trading in terms of
the Companies Act?
a.
Reagans (Pty) Ltd satisfies the solvency and liquidity test at the time of the trip. Therefore,
the trip does not constitute reckless trading.
b.
Plagiarism!!
AUE1601
ASSIGNMENT 01
YEAR: 2026
, Started on Tuesday, 11 August 2026, 10:29 AM
State Finished
Completed on Tuesday, 11 August 2026, 11:11 AM
Time taken 41 mins 53 secs
Grade 30.00 out of 30.00 (100%)
Question 1
Not yet answered
Marked out of 2.00
Flag question
Question text
Which one of the following statements regarding the memorandum of incorporation (MOI)
is TRUE in terms of the Companies Act?
a.
Once a company’s memorandum of incorporation (MOI) has been lodged with the CIPC it
may not be altered.
b.
Shares with par value may only be authorised and issued in a newly incorporated company,
if allowed by the memorandum of incorporation (MOI).
c.
A company’s memorandum of incorporation (MOI) may not permit a lower percentage of
voting rights to approve any special resolutions.
d.
The board may, unless prohibited by the memorandum of incorporation (MOI), make
changes to the number of authorised shares of a company.
Question 2
Not yet answered
Marked out of 2.00
Flag question
Question text
Mr Reagan is the owner of Reagans (Pty) Ltd, an electrical company that mainly performs
the services of installing distribution boards and issuing electrical compliance certificates.
Mr Reagan and Mr Scott, a qualified electrician, attended a conference in Europe on
alternative energy sources. Mr Reagan took his wife along and they spent an extra week
touring Europe at the company’s expense. At the time of the trip, Reagans (Pty) Ltd had
total assets of R22 million and total liabilities of R18 million and Reagans (Pty) Ltd’s current
liabilities exceeded the current assets by R2 million.Which one of the following options is
CORRECT if you want to evaluate whether the trip constitutes reckless trading in terms of
the Companies Act?
a.
Reagans (Pty) Ltd satisfies the solvency and liquidity test at the time of the trip. Therefore,
the trip does not constitute reckless trading.
b.
