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LML4806 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE 2026; ;100% trusted ,comprehensive and complete reliable solution with clear explanation.

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LML4806 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE 2026; ;100% trusted ,comprehensive and complete reliable solution with clear explanation. Company Law LML4806 Semester 1 Assignment 1 - 2026 Mercantile Law Department CONTENTS Page 1 GENERAL INSTRUCTIONS 3 2 ASSIGNMENT 1 3 Question: 1 3 Question: 2 4 2 1 GENERAL INSTRUCTIONS • Assignments test your understanding of the learning material and your ability to apply what you have learnt. Two written assignments are set for this module i.e., Assignment 1 and Assignment 2. Answering these questions gives you practice in answering the type of questions that you may expect in the examination. • The marks you obtain for Assignment 1 and Assignment 2 make up your year mark. • You should answer all questions under each assignment. Your answer to each assignment should generally not exceed two and a half pages if it is typed (excluding the bibliography). • You should reference your sources in your answers. You may reference the sources as you wish (e.g., in-text or in the footnotes) but it is preferable that you reference your sources within the text of your answers. It is not mandatory to include a bibliography if you have clearly referenced your sources within the text of your answers or in the footnotes. You may include a bibliography at the end of your assignment voluntarily. However, you should remember to include your Honesty Declaration Form. • Refer to Paragraph 9 of your Tutorial Letter 101 for the general information about assessment. • Also refer to Paragraph 10 of your Tutorial Letter 101 for important information regarding academic dishonesty (plagiarism and cheating). • You should study and refer to the prescribed study material when answering your assignments. You should not use Artificial Intelligence Software (e.g., ChatGPT) to give you answers to the assignment questions as this will prevent you from achieving the learning objectives as well as attaining all the skills and values needed in legal practice. Artificial Intelligence Software can give you inaccurate answers that are not aligned to the prescribed study material. The University can easily identify the answers obtained from Artificial Intelligence Software and the markers will award a zero mark for such answers. Furthermore, students who engage in academic dishonesty may be referred to a disciplinary hearing. 2 ASSIGNMENT 1 Question: 1 Multicuisine Ltd wishes to sell shares to a newly incorporated company called Multicuisine Ramatla (RF) Ltd to enable Multicuisine Ltd to comply with Broad-Based Black Economic Empowerment (BBBEE) legislation in South Africa. Multicuisine Ramatla (RF) Ltd does not have the money to pay for the shares. Multicuisine Ltd provides a loan of R85 million to

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, LML4806 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026
- DUE 2026; ;100% trusted ,comprehensive and complete reliable
solution with clear explanation.


Question: 1
Multicuisine Ltd wishes to sell shares to a newly incorporated company called
Multicuisine Ramatla (RF) Ltd to enable Multicuisine Ltd to comply with Broad-
Based Black Economic Empowerment (BBBEE) legislation in South Africa.
Multicuisine Ramatla (RF) Ltd does not have the money to pay for the shares.
Multicuisine Ltd provides a loan of R85 million to Multicuisine Ramatla (RF) Ltd,
and Multicuisine Ramatla (RF) Ltd uses the loan to purchase 850 000 ordinary
shares in Multicuisine Ltd. This loan is to be repaid over a period of 10 years by
using the dividends declared by Multicuisine Ltd.

Question


With reference to the Companies Act 71 of 2008 and appropriate
authority, indicate the type of company that Multicuisine Ramatla (RF)
Ltd falls under and discuss in detail whether Multicuisine Ltd has
provided financial assistance for the purchase of its securities.



Answer:

Type of Company:
Multicuisine Ramatla (RF) Ltd is a private company (Pty) Ltd
incorporated under the Companies Act 71 of 2008. It is a special
purpose vehicle established to acquire shares in Multicuisine Ltd to

Connected book
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Brenda Hannigan Company Law
Publisher: oktober 2015 ISBN: 9780198722861 Edition: 1

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