MRL2601
Assignment 2
Semester 1
Due 8 April 2026
, MRL2601 Assignment 2
Semester 1 – 2026
Question 1
1.1 Mandla and Suzan want to incorporate a company called Uniq Ltd. Briefly explain
the steps that would need to be taken in order to incorporate the company.
Answer:
To incorporate a company such as Uniq Ltd, Mandla and Suzan must follow the formal
requirements set out in the Companies Act 71 of 2008.
Firstly, a name must be reserved with the Companies and Intellectual Property
Commission (CIPC), unless the company is registered using its registration number as
a temporary name (Companies Act 71 of 2008, s 11).
Secondly, the Memorandum of Incorporation (MOI) must be prepared. The MOI sets
out the rights, duties, and responsibilities of shareholders and directors and governs the
internal affairs of the company (s 15).
Thirdly, the Notice of Incorporation (Form CoR 14.1) together with the MOI must be
lodged with the CIPC. This document contains details such as the company’s name,
type, directors, and registered address (s 13).
Fourthly, the company must appoint at least one director, as required for a private
company (s 66).
Fifthly, once the CIPC is satisfied that all legal requirements have been met, it will
register the company and issue a registration certificate. From this point, Uniq Ltd
comes into existence as a juristic person (s 19).
Assignment 2
Semester 1
Due 8 April 2026
, MRL2601 Assignment 2
Semester 1 – 2026
Question 1
1.1 Mandla and Suzan want to incorporate a company called Uniq Ltd. Briefly explain
the steps that would need to be taken in order to incorporate the company.
Answer:
To incorporate a company such as Uniq Ltd, Mandla and Suzan must follow the formal
requirements set out in the Companies Act 71 of 2008.
Firstly, a name must be reserved with the Companies and Intellectual Property
Commission (CIPC), unless the company is registered using its registration number as
a temporary name (Companies Act 71 of 2008, s 11).
Secondly, the Memorandum of Incorporation (MOI) must be prepared. The MOI sets
out the rights, duties, and responsibilities of shareholders and directors and governs the
internal affairs of the company (s 15).
Thirdly, the Notice of Incorporation (Form CoR 14.1) together with the MOI must be
lodged with the CIPC. This document contains details such as the company’s name,
type, directors, and registered address (s 13).
Fourthly, the company must appoint at least one director, as required for a private
company (s 66).
Fifthly, once the CIPC is satisfied that all legal requirements have been met, it will
register the company and issue a registration certificate. From this point, Uniq Ltd
comes into existence as a juristic person (s 19).
