lOMoAR cPSD| 49511909
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Question 1
Complete
Mark 0.00 out of 2.00
Question text
NTL (Pty) Ltd entered into a contract with
Protech (Pty) Ltd for the purchase of five (5)
radar systems valued at R1.1 million each. Peter
McGregor is a director of NTL (Pty) Ltd, and
his brother Melvin is the majority shareholder of
Protech (Pty) Ltd.Choose the alternative that
CORRECTLY describes the procedures to be
followed in terms of the Companies Act. a.
Peter McGregor, if present at the meeting, must
leave the meeting immediately after disclosing
the interest; he will not be regarded as being
present at the meeting for the purposes of
determining whether sufÏcient directors are
present to constitute a meeting and for the
purpose of determining whether a resolution has
sufÏcient support to be adopted. b.
Peter McGregor must disclose the interest and
its general nature within a reasonable time after
the meeting where the matter is considered;
disclose any material information relating to the
matter known to him; and disclose any
observations or pertinent insights relating to the
matter if requested to do so by other directors.
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c.
Peter McGregor, if present at the meeting, must
leave the meeting immediately after disclosing
the interest; he will be regarded as being present
at the meeting for the purposes of determining
whether sufÏcient directors are present to
constitute a meeting and for the purpose of
determining whether a resolution has sufÏcient
support to be adopted. d.
Peter McGregor must disclose the interest and its
general nature before the matter is considered at
the meeting; disclose any material information
relating to the matter known to him and disclose
any observations or pertinent insights relating to
the matter if requested to do so by other
directors.
Feedback
The correct answer is: Peter McGregor must
disclose the interest and its general nature before
the matter is considered at the meeting; disclose
any material information relating to the matter
known to him and disclose any observations or
pertinent insights relating to the matter if
requested to do so by other directors.
Question 2
Complete
Mark 2.00 out of 2.00
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Flag question
Question text
Which one of the following statements regarding
the memorandum of incorporation (MOI) is
TRUE in terms of the Companies Act?
a.
Once a company’s memorandum of
incorporation (MOI) has been lodged with the
CIPC it may not be altered.
b.
Shares with par value may only be
authorised and issued in a newly
incorporated company, if allowed by the
memorandum of incorporation (MOI). c.
The board may, unless prohibited by the
memorandum of incorporation (MOI), make
changes to the number of authorised shares of a
company.
d.
A company’s memorandum of incorporation
(MOI) may not permit a lower percentage of
voting rights to approve any special resolutions.
Feedback
The correct answer is: The board may, unless
prohibited by the memorandum of incorporation
Downloaded by Vincent master ()
Downloaded by Vincent master ()
, lOMoAR cPSD| 49511909
Question 1
Complete
Mark 0.00 out of 2.00
Question text
NTL (Pty) Ltd entered into a contract with
Protech (Pty) Ltd for the purchase of five (5)
radar systems valued at R1.1 million each. Peter
McGregor is a director of NTL (Pty) Ltd, and
his brother Melvin is the majority shareholder of
Protech (Pty) Ltd.Choose the alternative that
CORRECTLY describes the procedures to be
followed in terms of the Companies Act. a.
Peter McGregor, if present at the meeting, must
leave the meeting immediately after disclosing
the interest; he will not be regarded as being
present at the meeting for the purposes of
determining whether sufÏcient directors are
present to constitute a meeting and for the
purpose of determining whether a resolution has
sufÏcient support to be adopted. b.
Peter McGregor must disclose the interest and
its general nature within a reasonable time after
the meeting where the matter is considered;
disclose any material information relating to the
matter known to him; and disclose any
observations or pertinent insights relating to the
matter if requested to do so by other directors.
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, lOMoAR cPSD| 49511909
c.
Peter McGregor, if present at the meeting, must
leave the meeting immediately after disclosing
the interest; he will be regarded as being present
at the meeting for the purposes of determining
whether sufÏcient directors are present to
constitute a meeting and for the purpose of
determining whether a resolution has sufÏcient
support to be adopted. d.
Peter McGregor must disclose the interest and its
general nature before the matter is considered at
the meeting; disclose any material information
relating to the matter known to him and disclose
any observations or pertinent insights relating to
the matter if requested to do so by other
directors.
Feedback
The correct answer is: Peter McGregor must
disclose the interest and its general nature before
the matter is considered at the meeting; disclose
any material information relating to the matter
known to him and disclose any observations or
pertinent insights relating to the matter if
requested to do so by other directors.
Question 2
Complete
Mark 2.00 out of 2.00
Downloaded by Vincent master ()
, lOMoAR cPSD| 49511909
Flag question
Question text
Which one of the following statements regarding
the memorandum of incorporation (MOI) is
TRUE in terms of the Companies Act?
a.
Once a company’s memorandum of
incorporation (MOI) has been lodged with the
CIPC it may not be altered.
b.
Shares with par value may only be
authorised and issued in a newly
incorporated company, if allowed by the
memorandum of incorporation (MOI). c.
The board may, unless prohibited by the
memorandum of incorporation (MOI), make
changes to the number of authorised shares of a
company.
d.
A company’s memorandum of incorporation
(MOI) may not permit a lower percentage of
voting rights to approve any special resolutions.
Feedback
The correct answer is: The board may, unless
prohibited by the memorandum of incorporation
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