MRL2601 May/Jun 2022 exam paper — questions
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Question 1.1 · Company law concepts and terminology · 5 marks
Name the different types of companies that are provided for in the Companies Act 71 of 2008.Show the full question
Question 1.2 · Company law concepts and terminology · 5 marks
Describe the procedure that must be followed to amend the Memorandum of Incorporation of a company.Show the full question
Question 1.3 · Company law concepts and terminology · 10 marks
Explain whether it is possible for a shareholders' resolution to be passed without a face-to-face meeting being held, where the decision concerned is one that should be taken at an annual general meeting. Support your answer with reference to relevant case law.Show the full question
Question 1.4 · Company law concepts and terminology · 5 marks
Consider the following statement: 'In terms of the Companies Act 71 of 2008 companies have all the legal capacity and powers of a natural person and such capacity cannot be restricted in order to render any contract concluded by the company invalid.' Explain whether this statement is correct or not.Show the full question
Question 1.5 · Company law concepts and terminology · 5 marks
Discuss the circumstances in which a company may declare dividends, as well as the procedure that must be followed in order to do so.Show the full question
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