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MRL2601
Entrepreneurial Law
Assignment 2 MEMO
Semester 1 2022
Unique number: -820854 DUE: 21 APRIL 2022
Includes Footnotes and/or Bibliography
DOCUMENT PREVIEW
ASSIGNMENT 02 - UNIQUE NUMBER: 820854
DUE DATE: 21 APRIL 2022
QUESTION 1
Zingapi is a minority shareholder in Telemark (Pty) Ltd. In spite of good business the company’s profits are not
increasing. Zingapi suspects that the directors, who are also majority shareholders are wasting the company’s money
on unnecessary business trips and luxuries for themselves. Zingapi is concerned about the costs that she would incur
in a court action. Advise her of the steps she should take in order to institute a derivative action on behalf of Telemark
(Pty) Ltd. (5)
QUESTION 2
Puseletso has recently bought the member’s interest in Gangnam’s Tile CC. She is experiencing financial problems,
and it appears that her estate will be sequestrated. The other members of Gangnam’s Tile CC, who are aware of the
situation, are concerned about what effect the sequestration of Puseletso’s estate will have on the continued existence
of Gangnam’s Tile CC. With reference to the Close Corporations Act 69 of 1984 explain whether the continuation of the
business will be affected by the sequestration of Puseletso’s estate and what happens to the member’s interest of a
member of a close corporation when she is sequestrated.
(5)
Disclaimer
Extreme care has been used by our Tutors to draft this document, however the contents are provided “as is” without any
representations or warranties, express or implied. This document is to be used for comparison, research and reference
purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any means without
prior written permission from the Author. – LLB EXAMPACKS & TUTORIALS.
PAST PAPERS & MEMOS, ASSIGNMENT MEMOS, NOTES, SUMMARIES & TUITONS.
Cell: 084 591 8661 Email:
Fax: 086 096 5452 www.llbexampacksandtutorials.co.za
A
SELLING” memos for the year 2021.
+
MRL2601
Entrepreneurial Law
Assignment 2 MEMO
Semester 1 2022
Unique number: -820854 DUE: 21 APRIL 2022
Includes Footnotes and/or Bibliography
DOCUMENT PREVIEW
ASSIGNMENT 02 - UNIQUE NUMBER: 820854
DUE DATE: 21 APRIL 2022
QUESTION 1
Zingapi is a minority shareholder in Telemark (Pty) Ltd. In spite of good business the company’s profits are not
increasing. Zingapi suspects that the directors, who are also majority shareholders are wasting the company’s money
on unnecessary business trips and luxuries for themselves. Zingapi is concerned about the costs that she would incur
in a court action. Advise her of the steps she should take in order to institute a derivative action on behalf of Telemark
(Pty) Ltd. (5)
QUESTION 2
Puseletso has recently bought the member’s interest in Gangnam’s Tile CC. She is experiencing financial problems,
and it appears that her estate will be sequestrated. The other members of Gangnam’s Tile CC, who are aware of the
situation, are concerned about what effect the sequestration of Puseletso’s estate will have on the continued existence
of Gangnam’s Tile CC. With reference to the Close Corporations Act 69 of 1984 explain whether the continuation of the
business will be affected by the sequestration of Puseletso’s estate and what happens to the member’s interest of a
member of a close corporation when she is sequestrated.
(5)
Disclaimer
Extreme care has been used by our Tutors to draft this document, however the contents are provided “as is” without any
representations or warranties, express or implied. This document is to be used for comparison, research and reference
purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any means without
prior written permission from the Author. – LLB EXAMPACKS & TUTORIALS.
PAST PAPERS & MEMOS, ASSIGNMENT MEMOS, NOTES, SUMMARIES & TUITONS.
Cell: 084 591 8661 Email:
Fax: 086 096 5452 www.llbexampacksandtutorials.co.za
