LML4806
ASSIGNMENT 1 SEMESTER 1
COMPLETE ANSWERS 2025
This document includes memos for
LML4806 ASSIGNMENT 1 SEMESTER 1 2025,
provided with correct explanations,
references and quality researched
answers for further assistance. All
answers are correctly written and adhere
to the provided questions..
"Be Unique, Be You" This Document is to
assist you and Not a Copy-Paste Template.
Remember, Ignite Creativity, Not
Duplication. Say No to Plagiarism.
Use Only as a Guideline!
DUE DATE: MARCH 2025
Question: 1
, Strada (Pty) Ltd will be holding its first annual general meeting at its
registered office. The company's memorandum of incorporation
allows shareholders to appoint proxies to represent them at
shareholders' meetings, subject to clause 10.3 of the Memorandum
of Incorporation, which provides as follows:
"An instrument appointing a proxy must be submitted to the
Transfer Secretaries or the Chairperson of the Company not less
than 48 (FORTY-EIGHT) hours before the commencement of the
Annual General Meeting or Shareholders' Meeting at which the
proxy is to participate."
One of the shareholders, Busi, feels strongly about some of the
proposed resolutions set out in the notice of the annual general
meeting, and wants to express her views on these matters to the
board of directors. About two hours before the meeting, Busi has an
emergency to which she must attend, which makes it impossible for
her to attend the annual general meeting.
With reference to the Companies Act 71 of 2008, case law and the
facts above, advise Busi whether she can validly appoint a proxy to
exercise her right to vote and to express her views at the annual
general meeting of Strada (Pty) Ltd. Also consider in your answer
whether clause 10.3 of the company's Memorandum of
Incorporation is a valid clause.(10)
Answer:
Validity of appointing a proxy
Section 58(1) of the Companies Act 71 of 2008 states that a
shareholder can appoint any person, including a non-shareholder,
as a proxy at any time in order to: (a) speak, vote, and participate in
a shareholders meeting on the shareholder's behalf; or (b) grant or
withhold written consent to a decision that is being considered
under section 60.1
1 Section 58(1) of the Companies Act 71 of 2008.
ASSIGNMENT 1 SEMESTER 1
COMPLETE ANSWERS 2025
This document includes memos for
LML4806 ASSIGNMENT 1 SEMESTER 1 2025,
provided with correct explanations,
references and quality researched
answers for further assistance. All
answers are correctly written and adhere
to the provided questions..
"Be Unique, Be You" This Document is to
assist you and Not a Copy-Paste Template.
Remember, Ignite Creativity, Not
Duplication. Say No to Plagiarism.
Use Only as a Guideline!
DUE DATE: MARCH 2025
Question: 1
, Strada (Pty) Ltd will be holding its first annual general meeting at its
registered office. The company's memorandum of incorporation
allows shareholders to appoint proxies to represent them at
shareholders' meetings, subject to clause 10.3 of the Memorandum
of Incorporation, which provides as follows:
"An instrument appointing a proxy must be submitted to the
Transfer Secretaries or the Chairperson of the Company not less
than 48 (FORTY-EIGHT) hours before the commencement of the
Annual General Meeting or Shareholders' Meeting at which the
proxy is to participate."
One of the shareholders, Busi, feels strongly about some of the
proposed resolutions set out in the notice of the annual general
meeting, and wants to express her views on these matters to the
board of directors. About two hours before the meeting, Busi has an
emergency to which she must attend, which makes it impossible for
her to attend the annual general meeting.
With reference to the Companies Act 71 of 2008, case law and the
facts above, advise Busi whether she can validly appoint a proxy to
exercise her right to vote and to express her views at the annual
general meeting of Strada (Pty) Ltd. Also consider in your answer
whether clause 10.3 of the company's Memorandum of
Incorporation is a valid clause.(10)
Answer:
Validity of appointing a proxy
Section 58(1) of the Companies Act 71 of 2008 states that a
shareholder can appoint any person, including a non-shareholder,
as a proxy at any time in order to: (a) speak, vote, and participate in
a shareholders meeting on the shareholder's behalf; or (b) grant or
withhold written consent to a decision that is being considered
under section 60.1
1 Section 58(1) of the Companies Act 71 of 2008.
