MRL2601
ASSIGNMENT 2 (SEMESTER 2)
DUE DATE: 5 September 2023
Written Assignment Submission Guidelines:
Please ensure that your assignment is submitted electronically through the myUnisa platform no later than
5 September 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.
QUESTION 1
Nandi and Patricia want to start a catering business together called It-out (Pty) Ltd. Briefly explain the
steps which they would need to take in order to incorporate a company.
ANSWER:
Steps to Incorporate a Company (5 marks)
To incorporate a company named "It-out (Pty) Ltd," Nandi and Patricia need to follow several key steps:
1. Name Reservation: Choose a unique name for the company and apply for name reservation with
the Companies and Intellectual Property Commission (CIPC) to ensure the name is available and
compliant with regulations.
2. Drafting of Memorandum of Incorporation (MOI): Prepare a MOI that outlines the company's
rules, structure, and governance. The MOI will specify details such as share structure, director
roles, and shareholders' rights.
3. Appointment of Directors: Appoint directors who will manage the company's affairs. Ensure that
the directors meet legal requirements and are properly qualified.
4. Issuance of Shares: Allocate and issue shares to the founders (Nandi and Patricia) as well as any
other potential shareholders. The share distribution should be outlined in the MOI.
5. Registration: Lodge the necessary documents, including the MOI and other required forms, with
the CIPC for registration. Once approved, the company will be officially registered, and a certificate
of incorporation will be issued.
QUESTION 2
ASSIGNMENT 2 (SEMESTER 2)
DUE DATE: 5 September 2023
Written Assignment Submission Guidelines:
Please ensure that your assignment is submitted electronically through the myUnisa platform no later than
5 September 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.
QUESTION 1
Nandi and Patricia want to start a catering business together called It-out (Pty) Ltd. Briefly explain the
steps which they would need to take in order to incorporate a company.
ANSWER:
Steps to Incorporate a Company (5 marks)
To incorporate a company named "It-out (Pty) Ltd," Nandi and Patricia need to follow several key steps:
1. Name Reservation: Choose a unique name for the company and apply for name reservation with
the Companies and Intellectual Property Commission (CIPC) to ensure the name is available and
compliant with regulations.
2. Drafting of Memorandum of Incorporation (MOI): Prepare a MOI that outlines the company's
rules, structure, and governance. The MOI will specify details such as share structure, director
roles, and shareholders' rights.
3. Appointment of Directors: Appoint directors who will manage the company's affairs. Ensure that
the directors meet legal requirements and are properly qualified.
4. Issuance of Shares: Allocate and issue shares to the founders (Nandi and Patricia) as well as any
other potential shareholders. The share distribution should be outlined in the MOI.
5. Registration: Lodge the necessary documents, including the MOI and other required forms, with
the CIPC for registration. Once approved, the company will be officially registered, and a certificate
of incorporation will be issued.
QUESTION 2
