[Type the company name]
MCL5903
Assignment 2 2025
(802868) - Due 5
September 2025 |
ANSWERS
NO PLAGIARISM
[Year]
, Exam (elaborations)
MCL5903 Assignment 2 2025 (802868) - Due
5 September 2025 | ANSWERS
Course
Corporate Insolvency Law (MCL5903)
Institution
University Of South Africa
Book
Corporate Insolvency Law
Corporate Insolvency Law - MCL5903 Assignment 2 2025 (Unique Number:
802868) - Due 5 September 2025; 100 % TRUSTED workings, Expert Solved,
Explanations and Solutions
ASSIGNMENT 02 QUESTION [20 marks] The Companies and Intellectual
Property Commission (‘the Commission’) removes the name of Sand-Ton
Computer Systems (Pty) Ltd (‘Sand-Ton’) from the registry of companies.
According to the Commission, Sand-Ton has failed to file its annual financial
returns for two consecutive years, as it is required in terms of section 33 of
the Companies Act 71 of 2008 (‘the Companies Act’). Following the removal
of its name from the registry, Sand-Ton receives a government contract from
the Department of Education (‘the Department’), to supply computers for the
rural schools based in KwaZulu-Natal. While executing on its contract, Sand-
Ton is reinstated to the register administered by the Commission. Upon
completion of its task in terms of the agreement, the Department declines to
pay for its obligations to Sand-Ton. The reason offered by the Department is
that Sand-Ton was never a corporate entity at the time of the conclusion of
the contract, which according to the Department, renders the contract
invalid. With reference to the relevant provisions of the Companies Act 71 of
2008, prescribed case law and prescribed journal article; provide a critical
discussion of the status of the contract entered into between Sand-Ton and
the Department. In your discussion, consider whether the Companies Act has
adequately addressed the status of contracts (or proceedings) entered into
while the company was deregistered.
Assignment 02: Critical Discussion – Status of Contract by
Deregistered Company
[20 Marks]
MCL5903
Assignment 2 2025
(802868) - Due 5
September 2025 |
ANSWERS
NO PLAGIARISM
[Year]
, Exam (elaborations)
MCL5903 Assignment 2 2025 (802868) - Due
5 September 2025 | ANSWERS
Course
Corporate Insolvency Law (MCL5903)
Institution
University Of South Africa
Book
Corporate Insolvency Law
Corporate Insolvency Law - MCL5903 Assignment 2 2025 (Unique Number:
802868) - Due 5 September 2025; 100 % TRUSTED workings, Expert Solved,
Explanations and Solutions
ASSIGNMENT 02 QUESTION [20 marks] The Companies and Intellectual
Property Commission (‘the Commission’) removes the name of Sand-Ton
Computer Systems (Pty) Ltd (‘Sand-Ton’) from the registry of companies.
According to the Commission, Sand-Ton has failed to file its annual financial
returns for two consecutive years, as it is required in terms of section 33 of
the Companies Act 71 of 2008 (‘the Companies Act’). Following the removal
of its name from the registry, Sand-Ton receives a government contract from
the Department of Education (‘the Department’), to supply computers for the
rural schools based in KwaZulu-Natal. While executing on its contract, Sand-
Ton is reinstated to the register administered by the Commission. Upon
completion of its task in terms of the agreement, the Department declines to
pay for its obligations to Sand-Ton. The reason offered by the Department is
that Sand-Ton was never a corporate entity at the time of the conclusion of
the contract, which according to the Department, renders the contract
invalid. With reference to the relevant provisions of the Companies Act 71 of
2008, prescribed case law and prescribed journal article; provide a critical
discussion of the status of the contract entered into between Sand-Ton and
the Department. In your discussion, consider whether the Companies Act has
adequately addressed the status of contracts (or proceedings) entered into
while the company was deregistered.
Assignment 02: Critical Discussion – Status of Contract by
Deregistered Company
[20 Marks]
