, LML4806 Assignment 1 (COMPLETE ANSWERS)
Semester 2 2025 - DUE August 2025; 100% TRUSTED
Complete, trusted solutions and explanations.
Question 1
You are approached by Stefan, the chairperson of the board of
directors of JP Textiles Ltd for legal advice. He informs you that JP
Textiles Ltd will be holding its fifth annual general meeting (AGM)
next month at its registered office in Johannesburg. Advise Stefan
on what the company could do to ensure that it provides a
reasonable opportunity for all the shareholders and shareholder
proxies to attend and participate at its fifth AGM.
To advise Stefan regarding the upcoming AGM of JP Textiles Ltd and
the concerns about shareholder accessibility, we must consider the legal
requirements and available mechanisms in terms of South African
company law, particularly under the Companies Act 71 of 2008 ("the
Act") and principles of corporate governance.
Legal Requirements for AGMs and Shareholder Participation
1. Statutory Obligation to Hold an AGM
In terms of the Companies Act, a public company is required to
hold an annual general meeting (AGM) once every calendar year
but no later than 15 months after the previous AGM.
The meeting must be properly convened and conducted in
accordance with the company's Memorandum of Incorporation
(MOI) and the Act.
Semester 2 2025 - DUE August 2025; 100% TRUSTED
Complete, trusted solutions and explanations.
Question 1
You are approached by Stefan, the chairperson of the board of
directors of JP Textiles Ltd for legal advice. He informs you that JP
Textiles Ltd will be holding its fifth annual general meeting (AGM)
next month at its registered office in Johannesburg. Advise Stefan
on what the company could do to ensure that it provides a
reasonable opportunity for all the shareholders and shareholder
proxies to attend and participate at its fifth AGM.
To advise Stefan regarding the upcoming AGM of JP Textiles Ltd and
the concerns about shareholder accessibility, we must consider the legal
requirements and available mechanisms in terms of South African
company law, particularly under the Companies Act 71 of 2008 ("the
Act") and principles of corporate governance.
Legal Requirements for AGMs and Shareholder Participation
1. Statutory Obligation to Hold an AGM
In terms of the Companies Act, a public company is required to
hold an annual general meeting (AGM) once every calendar year
but no later than 15 months after the previous AGM.
The meeting must be properly convened and conducted in
accordance with the company's Memorandum of Incorporation
(MOI) and the Act.
