SELLING” memos for the year 2024.
LML4806
Company law
ASSIGNMENT 1
MEMO + FREE EXAMPACK/
NOTES BOOKLET
SEMESTER 2 – 2025 - UNISA
UNIQUE NUMBER: - 604723
DUE DATE: - 22 AUGUST 2025
Footnotes/Bibliography included
ASSIGNMENT PREVIEW
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 explains 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 at the company’s registered office.
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, 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 explains 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 at the company’s registered office.
Advise Stefan on what the company could do to ensure that it provides a reasonable
opportunity for all shareholders and shareholder proxies to attend and participate at
its fifth AGM.
[5 marks]
Question 2
Background facts:
• SA Renewables Ltd holds 40% of the ordinary shares in Green Energy Ltd and
100% of the ordinary shares in New Technologies Ltd.
• New Technologies Ltd holds 25% of the ordinary shares in Green Energy Ltd.
• Green Energy Ltd wants to issue shares to raise cash.
• Investment Solutions (Pty) Ltd wishes to purchase the new shares, but it does
not have the funds and requires a loan to do so.
A transaction is being negotiated between the directors of SA Renewables Ltd, Green
Energy Ltd and Investment Solutions (Pty) Ltd in terms of which: