LML4806
ASSIGNMENT 1
DUE DATE: 28 AUGUST 2025
, LML4806 ASSIGNMENT 1 2025
SEMESTER 2 2025
DUE 28 AUGUST 2025
Question: 1
You are approached by Stefan, the chairperson of the board of directors of JP Textiles Ltd
for legal advice. He informs you that JP Textiles Ltd will be holding its fifth annual general
meeting (AGM) next month at its registered office in Johannesburg. He further informs you
that the board of directors is concerned that a significant number of the company’s
shareholders and shareholder proxies who are based outside Johannesburg and overseas
will not be able to travel to Johannesburg to attend the AGM in-person (physically) at the
company’s registered office.
Advise Stefan on what the company could do to ensure that it provides a reasonable
opportunity for all the shareholders and shareholder proxies to attend and participate at
its fifth AGM.
In terms of section 63(2) of the Companies Act 71 of 2008, a shareholders’ meeting,
including an annual general meeting (AGM), may be conducted by means of electronic
communication, provided that the company’s Memorandum of Incorporation (MOI) does not
prohibit such participation.
This provision ensures that shareholders and proxies who cannot physically attend the
AGM at the company’s registered office may still participate, provided that:
The electronic communication allows all participants to communicate concurrently
without an intermediary.
ASSIGNMENT 1
DUE DATE: 28 AUGUST 2025
, LML4806 ASSIGNMENT 1 2025
SEMESTER 2 2025
DUE 28 AUGUST 2025
Question: 1
You are approached by Stefan, the chairperson of the board of directors of JP Textiles Ltd
for legal advice. He informs you that JP Textiles Ltd will be holding its fifth annual general
meeting (AGM) next month at its registered office in Johannesburg. He further informs you
that the board of directors is concerned that a significant number of the company’s
shareholders and shareholder proxies who are based outside Johannesburg and overseas
will not be able to travel to Johannesburg to attend the AGM in-person (physically) at the
company’s registered office.
Advise Stefan on what the company could do to ensure that it provides a reasonable
opportunity for all the shareholders and shareholder proxies to attend and participate at
its fifth AGM.
In terms of section 63(2) of the Companies Act 71 of 2008, a shareholders’ meeting,
including an annual general meeting (AGM), may be conducted by means of electronic
communication, provided that the company’s Memorandum of Incorporation (MOI) does not
prohibit such participation.
This provision ensures that shareholders and proxies who cannot physically attend the
AGM at the company’s registered office may still participate, provided that:
The electronic communication allows all participants to communicate concurrently
without an intermediary.
