Kalroireri256
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lml4806
LML4806 EXAM PACK 2024 A-C
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- LML4806 EXAM PACK 2024 • Examen
- LML4806 EXAM PACK 2024 • Examen
- LML4806 EXAM PACK 2024 • Examen
LML4806 EXAM PACK 2024
The legal definition of a share - Correct Answer Under the companies Act 71 of 2008, a share is defined as 'one of the units into which the proprietary interest in a profit company is divided". A share is a unit of the contribution made to the share capital. It is thus property and can be traded granting it incorporeal, moveable property. A share is also seen as a measure of a shareholders interest in a company, the interest consists of certain personal rights of the shareholder, which may be ...
- Package deal
- Examen
- • 4 páginas •
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lml4806 • Por  kalroireri256
LML4806 EXAM PACK 2024
Types and Forms of Companies - Correct Answer 1. Profit Company 
2. Non - profit company 
 
Profit companies 4 tipes - Correct Answer 1. Sate owned 
 - schedule 2/3 of PFMA 
 -Municipality 
 - National government business 
 
2. Public 
- can sell shares to public & freely transferable 
-Can be listed on JSE 
 
3. Personal 
- Professional association e.g Attorneys 
- Directer jointly and severely liable 
 
4. Private 
- Cant sell shares to public MOI forbids it. 
- Not freely transferable 
- Fu...
- Package deal
- Examen
- • 7 páginas •
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lml4806 • Por  kalroireri256
LML4806 EXAM PACK 2024
What info must be contained in a compromise proposal? - Correct Answer - 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 bindin...
- Package deal
- Examen
- • 6 páginas •
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lml4806 • Por  kalroireri256