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Here are the best resources to pass MRL 2601 ASSIGNMENT 2. Find MRL 2601 ASSIGNMENT 2 study guides, notes, assignments, and much more.
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MRL 2601 ASSIGNMENT 2
Exam (elaborations) • 3
pages
• 2021
Question 1

The Companies Act 71 of 2008 in Section 44 states that if financial assistance is not

prohibited by the Memorandum of Incorporation and that certain requirements are met; a

company may give financial assistance by granting a loan, guarantee, provision of security,

or otherwise to a person for the purpose of, or in connection with, the acquisition of shares

and other securities in the company.

1

Vusi, a shareholder and director of Securities (Pty) Ltd, lent Jonathan money to ena...
Question 1

The Companies Act 71 of 2008 in Section 44 states that if financial assistance is not

prohibited by the Memorandum of Incorporation and that certain requirements are met; a

company may give financial assistance by granting a loan, guarantee, provision of security,

or otherwise to a person for the purpose of, or in connection with, the acquisition of shares

and other securities in the company.

1

Vusi, a shareholder and director of Securities (Pty) Ltd, lent Jonathan money to ena...
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