LML4806 Assignment
1 (COMPLETE
ANSWERS) Semester
1 2026 - DUE March
2026
Abstract
Kenneth Githaiga
[Email address]
, LML4806 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE March
2026; 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. 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. 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. 4 With reference to the
Companies 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. 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. 4
Title Page
LML4806 – Company Law
Assignment 1 – Complete Answers & Explanations
Semester 1, 2026
Tags: LML4806, Company Law, Companies Act 71 of 2008, BBBEE, Directors Appointment,
Financial Assistance, Semester 1 2026, Assignment Solutions, Study Notes, South Africa
1 (COMPLETE
ANSWERS) Semester
1 2026 - DUE March
2026
Abstract
Kenneth Githaiga
[Email address]
, LML4806 Assignment 1 (COMPLETE ANSWERS) Semester 1 2026 - DUE March
2026; 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. 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. 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. 4 With reference to the
Companies 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. 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. 4
Title Page
LML4806 – Company Law
Assignment 1 – Complete Answers & Explanations
Semester 1, 2026
Tags: LML4806, Company Law, Companies Act 71 of 2008, BBBEE, Directors Appointment,
Financial Assistance, Semester 1 2026, Assignment Solutions, Study Notes, South Africa
