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AUE1601 assignment 2 solutions semester 1 2024 (Full solutions)
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AUE1601ASSIGNMENT 2 SEMESTER 1 2024
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QUESTION 1 43 marks
PART 1 Consider the following statements:
1. The subsidiaries of a listed company must each calculate their public interest score to
determine whether its annual financial statements should be audited.
2. The following company names would be allowed in terms of the Companies Act: (ii)
Adidas Fitness Centre (Pty) Ltd; (iii) Transnet Transportation (Pty) Ltd.
3. An individual who is disqualified from an appointment as a director on the grounds of
having been sentenced to ten years in jail for theft, can be appointed as a director, five
years after he has completed his sentence.
4. According to the Companies Act, the notice period for shareholder meetings of private
companies is 15 calendar days.
5. All provisions of a company’s Memorandum of Incorporation (MOI) may be altered,
regardless of the requirements of the Companies Act.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is”
without any representations or warranties, express or implied. The author assumes no liability as
a result of reliance and use of the contents of this document. 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.
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