Ml 4806 - Study guides, Class notes & Summaries

Unit 1 – Shareholders & Company Meetings Question 1 Every shareholder of Zithulele (Pty) Ltd is also a director of the company. Advise them on whether they have to convene a formal meeting of shareholders to consider matters that have to be referred to shareholders. (10) Zithulele (Pty) Ltd is a private company. Where every shareholder is also a director of the company (except in the case of a state-owned company), they can decide on any matter that must be referred to the shareholders b...

COMPANY LAW NOTES: SHAREHOLDERS AND COMPANY MEETINGS: A company acts through its members in the general meeting, its directors and its employee’s. S66 (1): The day-to-day running of the company is the responsibility of the directors, (executive directors’), which has the authority to exercise all of the powers and functions of the company, except to the extent that the Act or memo of incorporation provide otherwise. Many NB decisions of the directors may have to be approved by the sh...

Department of Mercantile Law-LML 4806-company law-study guide.

2020 Company Law Semester 1 Department of Mercantile Law

MEETINGS Notice of meetings: S62: 1. Must be in writing. 2. Include the date, time and place of the meeting. 3. Where the company set a record date for a meeting 4. The notice should explain the general purpose of the meeting 5. In a public company and a non-profit company that has voting members, notice of a shareholder meeting should be given 15 business days before the date of the meeting. In any other company the notice, convening the meeting must be sent ten business days before ...