, LML4806 Assignment 1 (COMPLETE ANSWERS)
Semester 2 2025 – DUE August 2025; 100% correct
solutions and explanations.
QUESTION 1
To advise Stefan effectively, we must refer to the Companies Act
71 of 2008 (the Act) and applicable regulations, which govern how
companies in South Africa should conduct their annual general
meetings (AGMs), including the rights of shareholders and the
requirements for notice, participation, and quorum.
1. Legal Requirement to Hold an AGM
Since JP Textiles Ltd is holding its fifth AGM, we assume that it is a
public company. In terms of section 61(7) of the Companies Act,
every public company must convene an AGM within 18 months of
its incorporation and once every calendar year thereafter.
2. Notice of the Meeting
In terms of section 62(1) and (2) of the Companies Act, the
company must give shareholders:
At least 15 business days' notice before the AGM,
In writing and in a form easily understandable by the
shareholders,
Containing the date, time, and venue of the meeting, the
general purpose, and whether electronic participation will
be permitted.
Semester 2 2025 – DUE August 2025; 100% correct
solutions and explanations.
QUESTION 1
To advise Stefan effectively, we must refer to the Companies Act
71 of 2008 (the Act) and applicable regulations, which govern how
companies in South Africa should conduct their annual general
meetings (AGMs), including the rights of shareholders and the
requirements for notice, participation, and quorum.
1. Legal Requirement to Hold an AGM
Since JP Textiles Ltd is holding its fifth AGM, we assume that it is a
public company. In terms of section 61(7) of the Companies Act,
every public company must convene an AGM within 18 months of
its incorporation and once every calendar year thereafter.
2. Notice of the Meeting
In terms of section 62(1) and (2) of the Companies Act, the
company must give shareholders:
At least 15 business days' notice before the AGM,
In writing and in a form easily understandable by the
shareholders,
Containing the date, time, and venue of the meeting, the
general purpose, and whether electronic participation will
be permitted.
