MRL3701 Assignment Complete Answers
Semester 2026 Labour Relations
Management.
This document provides complete and well-structured
answers for MRL3701 Assignment designed to help students
understand key concepts in Labour Relations Management.
The solutions are clearly explained and structured to help
students review important topics related to labour relations,
workplace policies, dispute resolution, and employment
relations. This guide can be used as a revision tool and
reference material when preparing assignments or
examinations.
1
,What info must be contained in a compromise proposal?
- any proposals made "informally" by a company creditor
- details of all assets and creditors
- treatment of ongoing contracts
- order of preference, proceeds apply
- conditions precedent
- number of employees
- t&c of employment
- projected balance sheet
- income and expenses for 3 years
- certificate by authorized director stating info is factual, accurate, up to
date
When will compromise be adopted and binding
- S155(6) adopted if supported by a majority in number representing at
least 75% in value of creditors
- A company may apply to court for an order approving the proposal
- suggests it is not necessary for a company to obtain sanction of High
Court before a compromise becomes binding on dissenting creditors
Record date
2
, - determines certain rights of shareholders
- S59(1) a company may set a record date for purpose of determining
which shareholders are entitled to receive the notice, vote etc
- latest date by which the company is required to give notice to SH of
the meeting, or date of action or event
) - board fail to set date, date is last day on which notice should be given
to SH of SH meeting (public = 15 bdays; private = 10 bdays
Compromise
- agreement or arrangement or restructuring of claims between a
company and its creditors in terms of which the creditors agree to
accept less than their full claims against the company
- binding on all companies creditors
Compromise proposal is divided into three parts
- background
- the proposal itself
- assumptions and conditions
3
Semester 2026 Labour Relations
Management.
This document provides complete and well-structured
answers for MRL3701 Assignment designed to help students
understand key concepts in Labour Relations Management.
The solutions are clearly explained and structured to help
students review important topics related to labour relations,
workplace policies, dispute resolution, and employment
relations. This guide can be used as a revision tool and
reference material when preparing assignments or
examinations.
1
,What info must be contained in a compromise proposal?
- any proposals made "informally" by a company creditor
- details of all assets and creditors
- treatment of ongoing contracts
- order of preference, proceeds apply
- conditions precedent
- number of employees
- t&c of employment
- projected balance sheet
- income and expenses for 3 years
- certificate by authorized director stating info is factual, accurate, up to
date
When will compromise be adopted and binding
- S155(6) adopted if supported by a majority in number representing at
least 75% in value of creditors
- A company may apply to court for an order approving the proposal
- suggests it is not necessary for a company to obtain sanction of High
Court before a compromise becomes binding on dissenting creditors
Record date
2
, - determines certain rights of shareholders
- S59(1) a company may set a record date for purpose of determining
which shareholders are entitled to receive the notice, vote etc
- latest date by which the company is required to give notice to SH of
the meeting, or date of action or event
) - board fail to set date, date is last day on which notice should be given
to SH of SH meeting (public = 15 bdays; private = 10 bdays
Compromise
- agreement or arrangement or restructuring of claims between a
company and its creditors in terms of which the creditors agree to
accept less than their full claims against the company
- binding on all companies creditors
Compromise proposal is divided into three parts
- background
- the proposal itself
- assumptions and conditions
3
