LML4806 Assignment 1 Semester 2 2026 (256940)

Company Law - LML4806 Assignment 1 Semester 2 2026 (Unique Number: 256940) - Due Date: 18 August 2026; 100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... ASSIGNMENT 1 Mbeu Wealth (Pty) Ltd is a registered shareholder holding 25% of the issued ordinary shares of Spartacus Ltd. Mbeu Wealth (Pty) Ltd’s chief investment officer, Talia, was appointed as a director of Spartacus Ltd to represent the interests of Mbeu Wealth (Pty) Ltd on Spartacus Ltd’s board. The other directors of Spartacus Ltd are Pamela, Alissa and Donte. Pamela is also the chairperson of the board of directors of Spartacus Ltd. The Memorandum of Incorporation of Spartacus Ltd provides that only the board of directors has the power to call a shareholders’ meeting and that all matters relating to shareholders’ meetings are governed by the Companies Act 71 of 2008. On 8 May 2026, Pamela sent to the shareholders of Spartacus Ltd a notice of a shareholders’ meeting to be held on 15 May 2026 to consider a resolution to remove Talia as a director of 3 Spartacus Ltd. The notice of meeting was signed by Pamela, purporting to act on behalf of the board of directors. No board meeting had been held at which a resolution was taken to convene such a shareholders’ meeting. No record date was set for the shareholders’ meeting. The notice of the shareholders’ meeting was never sent to Mbeu Wealth (Pty) Ltd. On 14 May 2026, Talia received the notice of the shareholders’ meeting through an email from Pamela, including the proposed resolution to remove her as a director of Spartacus Ltd. In her reply to Pamela’s email, Talia indicated that she would not be able to attend the shareholders’ meeting on 15 May 2026 as she needed to first consult her lawyer regarding her proposed removal. She requested that the meeting be postponed to a later date. However, Pamela did not respond to Talia’s email and her request for a postponement of the meeting. On 15 May 2026, a meeting of the shareholders of Spartacus Ltd was held in Mbeu Wealth (Pty) Ltd’s absence and without its knowledge. Talia was unable to attend the meeting. The resolution for the removal of Talia as director was approved by the requisite percentage of shareholders at the meeting. Mbeu Wealth (Pty) Ltd and Talia believe that there were serious defects in the calling and convening of the shareholders’ meeting of 15 May 2026 as well as in the procedure that was followed to remove Talia as a director. They want to institute legal proceedings against Spartacus Ltd and its directors. With reference to the Companies Act 71 of 2008 and the facts provided: 1.1 1.2 Advise Mbeu Wealth (Pty) Ltd on the prospects of success in asking the court to order that both the calling and convening of the shareholders’ meeting of 15 May 2026 were irregular and invalid. (14) Advise Talia on the prospects of success in asking the court to order that her removal as a director of Spartacus Ltd was irregular and invalid. (6) TOTAL FOR ASSIGNMENT 2: [20]