MRL2601 EXAM PACK (UPDATED) (THIS IS THE LATEST PACK)
EXAM 204/2025 UPDATED QUESTIONS AND VERIFIED CORRECT
ANSWERS |GRADED A+
S1 - ANSWER-Definitions
S4 - ANSWER-Solvency and Liquidity tests
S7 - ANSWER-Purposes of the companies Act
S8 - ANSWER-Categories of companies
S13 - ANSWER-Right to incorporate a company
S14 - ANSWER-Registration of a company
S15 - ANSWER-MOI, shareholder agreements and rules of the company
S16 - ANSWER-Amending the MOI
S19(1) - ANSWER-Legal status of companies
S19(3) - ANSWER-Personal liability companies
S19(4) and S19(5) - ANSWER-Abolishing the doctrine of constructive notice and
exceptions
S20 - ANSWER-Validity of company actions
,S21 - ANSWER-Pre Incorporation contracts
S38 - ANSWER-Issuing shares
S44 - ANSWER-Financial assistance for subscription of securities
S46 - ANSWER-Distributions must be authorised by the board
S48 - ANSWER-Acquisition of a companies own shares
S57 - ANSWER-Expanded definition of shareholder
S58 - ANSWER-Right to be represented by a proxy
S60 - ANSWER-Shareholders acting other than at a meeting
S61 - ANSWER-Shareholders meetings and AGM
S62 - ANSWER-Notice of meetings
S63 - ANSWER-Electronic notice and participation in meetings
S64 - ANSWER-Meeting quorum and adjournment
S65 - ANSWER-Shareholders resolutions
S66 - ANSWER-Consent to serve as a director required for appointment
, S67 - ANSWER-First director or directors
S71 - ANSWER-Removal of directors
S76 - ANSWER-Removal of directors
S76(4) - ANSWER-Business judgment rule
S77 - ANSWER-Liability of directors and prescribed officers
S78 - ANSWER-indemnification and directors insurance
S85 - ANSWER-File a notice of appointment or termination in terms of a company
auditor or secretary
S90 - ANSWER-Appointment of auditors
S93 - ANSWER-Rights and restricted functions of auditors
S94 - ANSWER-Audit committes
S158 - ANSWER-Remedies to promote purposes of the act
S160 - ANSWER-disputes regarding reservation or registration of company names
S161 - ANSWER-Application to protect the rights of security holders
EXAM 204/2025 UPDATED QUESTIONS AND VERIFIED CORRECT
ANSWERS |GRADED A+
S1 - ANSWER-Definitions
S4 - ANSWER-Solvency and Liquidity tests
S7 - ANSWER-Purposes of the companies Act
S8 - ANSWER-Categories of companies
S13 - ANSWER-Right to incorporate a company
S14 - ANSWER-Registration of a company
S15 - ANSWER-MOI, shareholder agreements and rules of the company
S16 - ANSWER-Amending the MOI
S19(1) - ANSWER-Legal status of companies
S19(3) - ANSWER-Personal liability companies
S19(4) and S19(5) - ANSWER-Abolishing the doctrine of constructive notice and
exceptions
S20 - ANSWER-Validity of company actions
,S21 - ANSWER-Pre Incorporation contracts
S38 - ANSWER-Issuing shares
S44 - ANSWER-Financial assistance for subscription of securities
S46 - ANSWER-Distributions must be authorised by the board
S48 - ANSWER-Acquisition of a companies own shares
S57 - ANSWER-Expanded definition of shareholder
S58 - ANSWER-Right to be represented by a proxy
S60 - ANSWER-Shareholders acting other than at a meeting
S61 - ANSWER-Shareholders meetings and AGM
S62 - ANSWER-Notice of meetings
S63 - ANSWER-Electronic notice and participation in meetings
S64 - ANSWER-Meeting quorum and adjournment
S65 - ANSWER-Shareholders resolutions
S66 - ANSWER-Consent to serve as a director required for appointment
, S67 - ANSWER-First director or directors
S71 - ANSWER-Removal of directors
S76 - ANSWER-Removal of directors
S76(4) - ANSWER-Business judgment rule
S77 - ANSWER-Liability of directors and prescribed officers
S78 - ANSWER-indemnification and directors insurance
S85 - ANSWER-File a notice of appointment or termination in terms of a company
auditor or secretary
S90 - ANSWER-Appointment of auditors
S93 - ANSWER-Rights and restricted functions of auditors
S94 - ANSWER-Audit committes
S158 - ANSWER-Remedies to promote purposes of the act
S160 - ANSWER-disputes regarding reservation or registration of company names
S161 - ANSWER-Application to protect the rights of security holders
