REMEMBER TO LEAVE A REVIEW IF YOU'RE SATISFIED.
IF YOU'RE NOT SATISFIED, LET US KNOW WHERE TO IMPROVE.
LML4806
ASSIGNMENT 1 (SEMESTER 2)
DUE DATE: 25 August 2023
Written Assignment Submission Guidelines:
Please ensure that your assignment is submitted electronically through the myUnisa platform no later than
25 August 2023. Kindly note that fax or email submissions will not be accepted.
NB: Assignment submitted to the lecturer(s) through email will not be considered.
GENERAL INSTRUCTIONS
• Assignments test your understanding of the learning material and your ability to apply what you have
learnt. Two written assignments are set for this module i.e., Assignment 01 and Assignment 02.
Answering these questions gives you practice in answering the type of questions that you may expect in
the examination.
• The marks you obtain for Assignment 01 and Assignment 02 make up your year mark.
• You should answer all questions under each assignment. Your answer to each assignment should
generally not exceed two and a half pages if it is typed (excluding the bibliography).
• Refer to Paragraph 9 of your Tutorial Letter 101 for the general information about assessment.
• Also refer to Paragraph 10 of your Tutorial Letter 101 for important information regarding academic
dishonesty (plagiarism and cheating).
QUESTION 1:
Shareholders’ resolutions must usually be voted on at properly constituted meetings of the company’s
shareholders. However, the Companies Act 71 of 2008 provides for an exception to this general rule.
Explain what this exception under the Companies Act 71 of 2008 entails.
ANSWER:
Exception to Shareholders' Resolutions Voting Rule
The exception under the Companies Act 71 of 2008 pertains to unanimous written resolutions by
shareholders, which can be passed without the need for a physical meeting. According to Section 60 of the
Companies Act, shareholders can agree to a resolution in writing without any meeting being held, as long as
the resolution is supported by all shareholders who are entitled to exercise voting rights on that resolution.
This written resolution has the same effect as if it had been passed at a properly constituted meeting.
IF YOU'RE NOT SATISFIED, LET US KNOW WHERE TO IMPROVE.
LML4806
ASSIGNMENT 1 (SEMESTER 2)
DUE DATE: 25 August 2023
Written Assignment Submission Guidelines:
Please ensure that your assignment is submitted electronically through the myUnisa platform no later than
25 August 2023. Kindly note that fax or email submissions will not be accepted.
NB: Assignment submitted to the lecturer(s) through email will not be considered.
GENERAL INSTRUCTIONS
• Assignments test your understanding of the learning material and your ability to apply what you have
learnt. Two written assignments are set for this module i.e., Assignment 01 and Assignment 02.
Answering these questions gives you practice in answering the type of questions that you may expect in
the examination.
• The marks you obtain for Assignment 01 and Assignment 02 make up your year mark.
• You should answer all questions under each assignment. Your answer to each assignment should
generally not exceed two and a half pages if it is typed (excluding the bibliography).
• Refer to Paragraph 9 of your Tutorial Letter 101 for the general information about assessment.
• Also refer to Paragraph 10 of your Tutorial Letter 101 for important information regarding academic
dishonesty (plagiarism and cheating).
QUESTION 1:
Shareholders’ resolutions must usually be voted on at properly constituted meetings of the company’s
shareholders. However, the Companies Act 71 of 2008 provides for an exception to this general rule.
Explain what this exception under the Companies Act 71 of 2008 entails.
ANSWER:
Exception to Shareholders' Resolutions Voting Rule
The exception under the Companies Act 71 of 2008 pertains to unanimous written resolutions by
shareholders, which can be passed without the need for a physical meeting. According to Section 60 of the
Companies Act, shareholders can agree to a resolution in writing without any meeting being held, as long as
the resolution is supported by all shareholders who are entitled to exercise voting rights on that resolution.
This written resolution has the same effect as if it had been passed at a properly constituted meeting.
