- Study guides, Class notes & Summaries

Directors INTRODUCTION Correct Answer (1) EXECUTIVE DIRECTORS Engaged in day-to-day management - *Automatic Self-Cleansing Filter* Receive remuneration. (2) NON-EXECUTIVE DIRECTORS (NEDs) Not employees Receive fees for attending board meetings Advisory role WHO IS A DIRECTOR "Any person occupying the position by whatever name called" (*Companies Act 2006, s250*) - Anyone expressly appointed as a director in accordance with the articles regardless of title Must be transparen...

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9 pages

Written in 2022/2023

Grade A+

ExamsGuru

Company Formation stimulates... Correct Answer commercial activity and development of the economy and facilitates access to capital Approach of the Act is that the Act should... Correct Answer Facilitate efficient investment and growth by making it easier to form companies s13(1) of the Act (profit company) Correct Answer Enables single-member profit companies to be formed by one or more persons. s13(1) of the Act (non-profit) Correct Answer Enables three or more persons acting in conce...

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18 pages

Written in 2022/2023

Grade A+

ExamsGuru

LM4806, Company Law, Company Law LM4806, past exam questions, past examination questions, exam questions, exam answers, model answers, company law exam, company law past papers, company law revision, company law study guide, examination preparation, exam preparation, law exam, legal studies, company law notes, company law revision notes, past papers, examination revision, exam practice, question and answer, examination questions and answers, corporate law, business law, company law assignments, ...

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36 pages

Written in 2025/2026

Grade A+

StudyVaultAcademics

Complete Company Law – Corporate Structures practice exam with verified questions and detailed rationales for thorough understanding. Latest 2026 update ensures alignment with current corporate law principles and exam requirements. Covers essential topics, including types of companies (private, public, limited liability), corporate personality, veil of incorporation, and governance structures. Includes step-by-step explanations for every answer, helping candidates grasp legal concepts, corp...

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172 pages

Written in 2025/2026

Grade A+

PROFESSORKENNY

This Company Law – Corporate Structures Practice Exam Updated 2026 is a comprehensive and strategically structured study resource designed to help candidates master essential corporate law concepts for academic and professional exam success. It includes verified questions and detailed rationales covering key topics such as types of companies including private, public, and limited liability entities, as well as corporate personality and the veil of incorporation. The guide also provides in-dept...

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74 pages

Written in 2025/2026

Grade A+

BrightVarsity

Company Law [Actual Exam] Latest Version [Questions And Answers] With Study Guide Detailed And Verified For Guaranteed Pass- Latest Update 2025 Graded A

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42 pages

Written in 2024/2025

Grade A+

CornelWest

LML4806 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 - DUE March 2025.

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10 pages

Written in 2024/2025

Grade A+

ACTUALSTUDY

Test Bank for Company Law Latest Update 2025 Fully Solved Facts of Salomon - Answers Arguments (Salomon) - Answers Outcome (Salomon) - Answers UK HL said: (Salomon) - Answers Facts of Lee - Answers Issue/arguments (Lee) - Answers Outcome (Lee) - Answers Facts of Macaura - Answers Outcome of Macaura - Answers South Pacific Airlines test: (Is name offensive?) - Answers Consider: - Obscene? - Would it give offence to a friendly country? - Would it offend public policy? - ...

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5 pages

Written in 2024/2025

Grade A+

TutorJosh

LML4806 - Company Law Test Questions and Verified Answers | Already Graded A+ 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 f...

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15 pages

Written in 2024/2025

Grade A+

JOSHCLAY

Company Law Questions with Verified Answers Sole Trader Advantages - correct answer -⟨ No filing requirements; fees or professional advice needed for set up ⟨ One person, thus a complex organizational structure is not needed. Sole Trader Disadvantages - correct answer -⟨ Not a particularly useful business form for raising capital (finding investors) -money is usually from bank loans or savings ⟨ Unlimited liability: if business fails creditors can come after your personal asset...

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43 pages

Written in 2023/2024

Grade A+

PASSINGMASTER01

Company Law Question and Answer 100% Correct Sole Trader Advantages - ⟨ No filing requirements; fees or professional advice needed for set up ⟨ One person, thus a complex organizational structure is not needed. Sole Trader Disadvantages - ⟨ Not a particularly useful business form for raising capital (finding investors) -money is usually from bank loans or savings ⟨ Unlimited liability: if business fails creditors can come after your personal assets, ie., no difference from the t...

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63 pages

Written in 2023/2024

Grade A+

JOSHCLAY

Mcl5902 Company Law

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9 pages

Written in 2023/2024

Grade A+

PREPPERFECT

Question: 1 Shareholders’ resolutions must usually be voted on at properly constituted meetings of the company’s shareholders. However, the Companies Act 71 of 2008 provides for an exception to this general rule. Explain what this exception under the Companies Act 71 of 2008 entails. (5) Under the Companies Act 71 of 2008 (South Africa), there is an exception to the general rule that shareholders' resolutions must be voted on at properly constituted meetings of the company's sharehol...

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4 pages

Written in 2023/2024

Grade A+

perfectpapers2015

Companies Act Correct Answer 2004 came into effect in 2005 The Review committee was chaired by Correct Answer Dr Kenneth Rattray, OJ, QC Reforms recommendation Correct Answer - the simplification of the process that would provide for one man companies. - the abolition of the Memorandum of Association as one of the required documents. -the abolition of certain doctrines (the ultra vires and the constructive notice doctrines) which tended to restrict the powers of a company. Reforms con...

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5 pages

Written in 2022/2023

Grade A+

ExamsGuru

Sole Trader Advantages Correct Answer ⟨ No filing requirements; fees or professional advice needed for set up ⟨ One person, thus a complex organizational structure is not needed. Sole Trader Disadvantages Correct Answer ⟨ Not a particularly useful business form for raising capital (finding investors) -money is usually from bank loans or savings ⟨ Unlimited liability: if business fails creditors can come after your personal assets, ie., no difference from the trader and the busines...

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27 pages

Written in 2022/2023

Grade A+

ExamsGuru

Companies Act 2006 Correct Answer What are the advantages of a company? Correct Answer 1) Separate personality 2) separation of ownership and control 3) Transferable shares 4) Can select a type of company that best suits the needs of the members. 5) Flexible structure Disadvantages Correct Answer 1) Formalities of incorporation 2) There remains the need to hold meetings and pass resolutions. 3) Time and cost involved in complying with the rules of company law 4) Tax Structure ...

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7 pages

Written in 2022/2023

Grade A+

ExamsGuru