MRL2601
ASSIGNMENT 2 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: APRIL 2025
, MRL2601
Assignment 2 Semester 1 2025
Unique No.
Due Date: April 2025
Entrepreneurial Law
QUESTION 1
1.1 Different types of companies in the Companies Act 71 of 2008
The Companies Act 71 of 2008 provides for different types of companies, each with its
own characteristics.
1. Private Companies (Pty) Ltd – These companies have restrictions on
transferring shares and cannot offer shares to the public. They usually have a
smaller number of shareholders.
2. Public Companies (Ltd) – These companies can offer shares to the public and
are typically listed on a stock exchange. They are subject to stricter regulations.
3. Non-Profit Companies (NPC) – These companies are formed for public benefit
or for a specific cause, such as charities or community organizations. They do
not distribute profits to members.
4. State-Owned Companies (SOC Ltd) – These are companies owned by the
government, such as Eskom and Transnet. They provide public services or
operate in key industries.
5. Personal Liability Companies (Inc.) – Mostly used by professionals like
lawyers and accountants, where directors and past directors are personally liable
for company debts.
ASSIGNMENT 2 SEMESTER 1 2025
UNIQUE NO.
DUE DATE: APRIL 2025
, MRL2601
Assignment 2 Semester 1 2025
Unique No.
Due Date: April 2025
Entrepreneurial Law
QUESTION 1
1.1 Different types of companies in the Companies Act 71 of 2008
The Companies Act 71 of 2008 provides for different types of companies, each with its
own characteristics.
1. Private Companies (Pty) Ltd – These companies have restrictions on
transferring shares and cannot offer shares to the public. They usually have a
smaller number of shareholders.
2. Public Companies (Ltd) – These companies can offer shares to the public and
are typically listed on a stock exchange. They are subject to stricter regulations.
3. Non-Profit Companies (NPC) – These companies are formed for public benefit
or for a specific cause, such as charities or community organizations. They do
not distribute profits to members.
4. State-Owned Companies (SOC Ltd) – These are companies owned by the
government, such as Eskom and Transnet. They provide public services or
operate in key industries.
5. Personal Liability Companies (Inc.) – Mostly used by professionals like
lawyers and accountants, where directors and past directors are personally liable
for company debts.
