- Study guides, Class notes & Summaries

The legal definition of a share - Correct Answer Under the companies Act 71 of 2008, a share is defined as 'one of the units into which the proprietary interest in a profit company is divided". A share is a unit of the contribution made to the share capital. It is thus property and can be traded granting it incorporeal, moveable property. A share is also seen as a measure of a shareholders interest in a company, the interest consists of certain personal rights of the shareholder, which may be ...

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4 pages

Written in 2023/2024

Grade A+

kalroireri256

Types and Forms of Companies - Correct Answer 1. Profit Company 2. Non - profit company Profit companies 4 tipes - Correct Answer 1. Sate owned - schedule 2/3 of PFMA -Municipality - National government business 2. Public - can sell shares to public & freely transferable -Can be listed on JSE 3. Personal - Professional association e.g Attorneys - Directer jointly and severely liable 4. Private - Cant sell shares to public MOI forbids it. - Not freely transferable - Fu...

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7 pages

Written in 2023/2024

Grade A+

kalroireri256

What info must be contained in a compromise proposal? - Correct Answer - any proposals made "informally" by a company creditor - details of all assets and creditors - treatment of ongoing contracts - order of preference, proceeds apply - conditions precedent - number of employees - t&c of employment - projected balance sheet - income and expenses for 3 years - certificate by authorized director stating info is factual, accurate, up to date When will compromise be adopted and bindin...

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6 pages

Written in 2023/2024

Grade A+

kalroireri256

LML4806 EXAM PACK 2023 QUESTIONS AND 100% VERIFIED ANSWERS CORRECT GRADE A+ QUESTION 1 1.1 Exclusive Properties (Pty) Ltd (the company) has four shareholders, each holding 25% of the voting rights in the company. All of the shareholders are also directors of the company. The Memorandum of Incorporation of the company has not changed the default position in terms of the Companies Act 71 of 2008 regarding the threshold required to pass ordinary resolutions. The company h...

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247 pages

Written in 2023/2024

Grade A+

ESCALITothethinker

LML4806 Assignment 1 Semester 1 2024.

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11 pages

Written in 2023/2024

Grade A+

ExcelAcademia2026

LML4806 Company Law Question and Correct Answers -Company Secretary - ANSWER-- public & state owned company are obliged to appoint one - company must maintain record of company secretaries - secretary is chief administration officer - should be someone with knowledge of and experience in relevant legislation - accountable to board of directors - duties ...

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9 pages

Written in 2023/2024

Grade A+

stuviaAgrade

LML4806 - Company Law EXAM WITH COMPLETE SOLUTIONS What info must be contained in a compromise proposal? - answer- any proposals made "informally" by a company creditor - details of all assets and creditors - treatment of ongoing contracts - order of preference, proceeds apply - conditions precedent - number of employees - t&c of employment - projected balance sheet - income and expenses for 3 years - certificate by authorized director stating info is factual, accurate, up to date ...

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8 pages

Written in 2023/2024

Grade A+

TheStar

LML4806 - Company Law EXAM WITH COMPLETE SOLUTIONS What info must be contained in a compromise proposal? - answer- any proposals made "informally" by a company creditor - details of all assets and creditors - treatment of ongoing contracts - order of preference, proceeds apply - conditions precedent - number of employees - t&c of employment - projected balance sheet - income and expenses for 3 years - certificate by authorized director stating info is factual, accurate, up to date ...

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8 pages

Written in 2023/2024

Grade A+

Brainbarter

Lml4806 Assignment 1 Of Semester 1 2023

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6 pages

Written in 2022/2023

Grade A+

Loyimproved

Lml4806 Assignment 2 Of Semester 1 2023

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6 pages

Written in 2022/2023

Grade A+

Loyimproved

Lml4806 Assignment 2 Of Semester 1 2023

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6 pages

Written in 2022/2023

Grade A+

smartgrades

Lml4806 Assignment 1 Of Semester 1 2023

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6 pages

Written in 2022/2023

Grade A+

smartgrades

What effect does the fact that a person does not have a motobike license have on any of his claims Correct Answer - no license is not, per se, a bar to any claims he might have either in terms of the RAFA or in terms of the common law. Liability arises in delict Distinguish between the degrees of negligence that need to be proven in respect of a passenger claim and a drivers claim Correct Answer For a passenger to succeed with a claim against the RAF proverbial 1% negligence needs to be prove...

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3 pages

Written in 2022/2023

Grade A+

ExamsGuru

The legal definition of a share Correct Answer Under the companies Act 71 of 2008, a share is defined as 'one of the units into which the proprietary interest in a profit company is divided". A share is a unit of the contribution made to the share capital. It is thus property and can be traded granting it incorporeal, moveable property. A share is also seen as a measure of a shareholders interest in a company, the interest consists of certain personal rights of the shareholder, which may be di...

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5 pages

Written in 2022/2023

Grade A+

ExamsGuru

What info must be contained in a compromise proposal? Correct Answer - any proposals made "informally" by a company creditor - details of all assets and creditors - treatment of ongoing contracts - order of preference, proceeds apply - conditions precedent - number of employees - t&c of employment - projected balance sheet - income and expenses for 3 years - certificate by authorized director stating info is factual, accurate, up to date When will compromise be adopted and binding ...

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7 pages

Written in 2022/2023

Grade A+

ExamsGuru

LML4806 Assignment 1 Semester 1 2023

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5 pages

Written in 2022/2023

Grade A+

desmondmwaura