Lml4806 exam pack 2024 - Study guides, Class notes & Summaries

What info must be contained in a compromise proposal? - Correct Answer - 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 factual, accurate, up to date When will compromise be adopted and bindin...

The legal definition of a share - Correct Answer Under the companies Act 71 of 2008, a share is defined as 'one of the units into which the proprietary interest in a profit company is divided". A share is a unit of the contribution made to the share capital. It is thus property and can be traded granting it incorporeal, moveable property. A share is also seen as a measure of a shareholders interest in a company, the interest consists of certain personal rights of the shareholder, which may be ...

LML4806 – COMPANY LAW EXAM PACK QUESTIONS AND ANSWERS SUMMARISED NOTES NS FOR PAST EXAM PAPERS 2024

LML4806 Latest exam pack questions and answers and summarized notes for exam preparation. Updated for October November 2023 exams . For assistance Whats-App.0.6.7..1.7.1..1.7.3.9 . All the best on your exams!!

LML4806 Latest exam pack questions and answers and summarized notes for exam preparation. Updated for 2024 exams . For assistance Whats-App.0.6.7..1.7.1..1.7.3.9 . All the best on your exams!!

LML4806 Latest exam pack questions and answers and summarized notes for exam preparation. Updated for October November 2023 exams . For assistance Whats-App.0.6.7..1.7.1..1.7.3.9 . All the best on your exams!!

LML4806 EXAM PACK 2024• Every person must be present at the board meeting when the matter was referred to them in their capacity as shareholders. • A sufficient number of persons must be present in their capacity as shareholders to satisfy the quorum requirements as set out in section 64 of the Companies Act. • A resolution adopted by the shareholders be supported by shareholders holding at least the percentage of shares required for adopting an ordinary resolution at a properly constitu...