AUE1601 Legal Aspects in Accountancy (AUE1601)

Topic 2: Interpretation, purpose, application and formation of a company Study unit 2.1 Related and interrelated persons, and control (Sec 2) and Subsidiary relationships (Sec 3)  Consanguinity: blood relationship o First degree: children (incl. adopted) and parents o Second degree: brother, sister, grandparents, grandchildren – there is at least one generation between you and a person related to you in the second degree  Affinity: due to valid marriage o First degree: husband an...

May/ June 2012 Suggested Exam Solution 1) MOI requirements regarding the issue of shares (private and shareholders’ rights)  The Board of the Company may resolve to issue shares of the Company at any time, but only within the classes, and to the extent that the shares have been authorized by or in terms of the Memorandum of Incorporation.  and without prejudice to any rights previously conferred on the holders of any shares or class of shares .  In the event of the Company is...

QUESTION 1 15 marks REQUIRED a Which one of the following situations is in compliance with the requirements of the Companies Act 71 of 2008, as amended? (Topics 2 & 4) 1 Lilly and Rose are going to register a new company, namely Flowers Limited. They are going to be the only directors of the company. 2 Carnation Limited will have a shareholders meeting on 30 June 2013. The notice of the shareholders meeting was delivered on 20 June 2013 to each shareholder. 3 The shareholders meeting of ...

AUE1601 EXAM PACK-MUST READ

• An individual related to juristic person: o Individual directly/indirectly controls juristic person • A juristic person related to another juristic person: o Either of them directly or indirectly controls the other or the business or the other, or o Either is a subsidiary of the other, or o A person directly or indirectly controls each of them or the business of each of them From revision slides: Relationship between individual and juristic person (company) • Individual holds maj...

Reference sec. 36 sec 38 (1) Board may shares of a company to the extent and within classes that have been authorized by the memorandum of corporation. The memorandum of incorporation sets out classes of shares and number of shares that the company is authorized to issue. Also specifies for each class distinguishing designation for that class and preference rights and limitations. The memorandum of incorporation may authorize a stated number of unclassified shares which are budget to cla...

AUE1601 - Legal Aspects In Accountancy Study Notes. Which one of the following statements is false in terms of the Companies Act? (a) A Memorandum of Incorporation and a record of the company directors form part of the company records that every company must maintain. (b) A private company does not have to be audited at all. (c) The annual financial statements of a public company must be audited. (d) A public company must appoint a company secretary who must be a permanent resident of the ...

AUE1601 - Legal Aspects In Accountancy AUE1601_NOTES AUE1601 - Legal Aspects In Accountancy AUE1601_NOTES

AUE 1601 Exam pack 2018- 2021. AUE1601 - Legal Aspects In Accountancy. Circumstances when an individual will be related to a juristic person include the following,  If the individual indirectly controls the juristic person  If the individual directly controls the juristic person Relationship between AAA and XYZ; Mr Xolani (the marketing director of AAA Hospitals Ltd) has a son who owns XYZ Motors. 1.2) Public Companies Private Companies 1 Listed on the Johnsonburg stock of Exchange ...