MRL2601
Assignment 2
(COMPLETE ANSWERS)
Semester 1 2025
DUE April 2025
, ACTIVITIES
QUESTION 1 1.1 Name the different types of companies that are provided for in the Companies Act
71 of 2008. (5) 1.2 Vela is a shareholder of Impala Ltd. The next annual general meeting will be held
on 13 November 2023. Unfortunately, at the time he will be overseas on a business trip. Vela would,
however, still like to vote on some matters that will be discussed at the meeting. Advise him
regarding the possibility of appointing a proxy to attend and vote on his behalf at the annual general
meeting. Also indicate the validity requirements for appointment of a proxy. (5) TOTAL: [10 marks]
QUESTION 2 2.1 The board of directors of Bayeza Ltd has resolved to issue shares to the following
persons: (a) Mpho, the newly appointed chief executive officer of the company; (b) Beauty, a new
director who will be joining the board of directors in three (3) months’ time; and (c) certain
employees of the company in terms of an employee share scheme. With reference to the Companies
Act 71 of 2008, advise the board of directors whether approval from the shareholders of the company
is required to issue these shares in the event of issue to the persons enumerated from (a) to (c). (10)
2.2 The board of directors of Gangnam’s Tile (Pty) Ltd proposed that a shareholders’ meeting be
convened to discuss various matters. Explain the different requirements for passing of the two types
of resolutions that can be taken in a shareholders’ meeting in terms of the Companies Act 71 of 2008.
(7) 2.3 The directors of Gangnam’s Tile (Pty) Ltd are uncertain as to whether the company must
appoint a company secretary. With reference to the Companies Act 71 of 2008, advise them whether
Gangnam’s Tile (Pty) Ltd is required to appoint a company secretary. (3)
Assignment 2
(COMPLETE ANSWERS)
Semester 1 2025
DUE April 2025
, ACTIVITIES
QUESTION 1 1.1 Name the different types of companies that are provided for in the Companies Act
71 of 2008. (5) 1.2 Vela is a shareholder of Impala Ltd. The next annual general meeting will be held
on 13 November 2023. Unfortunately, at the time he will be overseas on a business trip. Vela would,
however, still like to vote on some matters that will be discussed at the meeting. Advise him
regarding the possibility of appointing a proxy to attend and vote on his behalf at the annual general
meeting. Also indicate the validity requirements for appointment of a proxy. (5) TOTAL: [10 marks]
QUESTION 2 2.1 The board of directors of Bayeza Ltd has resolved to issue shares to the following
persons: (a) Mpho, the newly appointed chief executive officer of the company; (b) Beauty, a new
director who will be joining the board of directors in three (3) months’ time; and (c) certain
employees of the company in terms of an employee share scheme. With reference to the Companies
Act 71 of 2008, advise the board of directors whether approval from the shareholders of the company
is required to issue these shares in the event of issue to the persons enumerated from (a) to (c). (10)
2.2 The board of directors of Gangnam’s Tile (Pty) Ltd proposed that a shareholders’ meeting be
convened to discuss various matters. Explain the different requirements for passing of the two types
of resolutions that can be taken in a shareholders’ meeting in terms of the Companies Act 71 of 2008.
(7) 2.3 The directors of Gangnam’s Tile (Pty) Ltd are uncertain as to whether the company must
appoint a company secretary. With reference to the Companies Act 71 of 2008, advise them whether
Gangnam’s Tile (Pty) Ltd is required to appoint a company secretary. (3)
