AUE1601 EXAM
PACK 2023
,1 | P a g e Greatminds tutorials Randburg
EXAMINATION PACK
AUE 1601 Exam pack
PAST PAPER SOLUTIONS
AUE 1601 +27 641227196
, AUE 1601 Exam pack
MAY/JUNE 2018
Question One
1.1) Circumstances when an individual will be related to a juristic person include the following,
If the individual indirectly controls the juristic person
If the individual directly controls the juristic person
Relationship between AAA and XYZ;
Mr Xolani (the marketing director of AAA Hospitals Ltd) has a son who owns XYZ Motors.
1.2)
Public Companies Private Companies
1 Listed on the Johnsonburg stock of Exchange Not listed
2 Minimum of three directors Minimum of one director
3 Ends with Ltd Ends with (Pty) Ltd
4 Mandated to appoint external auditors Not mandated but may appoint
5 Mandated to appoint a company’s secretary Not mandated but may appoint
Only one difference was enough for two marks
1.3)
Reckless trading means managing the business with gross negligence, with intent to defraud any person
or for any fraudulent purpose; or trade under insolvent circumstances.
PACK 2023
,1 | P a g e Greatminds tutorials Randburg
EXAMINATION PACK
AUE 1601 Exam pack
PAST PAPER SOLUTIONS
AUE 1601 +27 641227196
, AUE 1601 Exam pack
MAY/JUNE 2018
Question One
1.1) Circumstances when an individual will be related to a juristic person include the following,
If the individual indirectly controls the juristic person
If the individual directly controls the juristic person
Relationship between AAA and XYZ;
Mr Xolani (the marketing director of AAA Hospitals Ltd) has a son who owns XYZ Motors.
1.2)
Public Companies Private Companies
1 Listed on the Johnsonburg stock of Exchange Not listed
2 Minimum of three directors Minimum of one director
3 Ends with Ltd Ends with (Pty) Ltd
4 Mandated to appoint external auditors Not mandated but may appoint
5 Mandated to appoint a company’s secretary Not mandated but may appoint
Only one difference was enough for two marks
1.3)
Reckless trading means managing the business with gross negligence, with intent to defraud any person
or for any fraudulent purpose; or trade under insolvent circumstances.
