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LML4806 ASSIGNMENT 01 SEMESTER 02 2023: 818236 📚✨

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Question: 1
Shareholders’ resolutions must usually be voted on at properly constituted meetings of the
company’s shareholders. However, the Companies Act 71 of 2008 provides for an exception to
this general rule. Explain what this exception under the Companies Act 71 of 2008 entails

Question: 2
With reference to the relevant provisions of the Companies Act 71 of 2008, advise the board of
directors of Free State Airlines SOC Ltd on the following matters:

2.1 Whether David has breached any specific duty that he owes to Free State Airlines SOC
Ltd by not informing the board of directors about his shareholding in Aerial Lease (Pty) Ltd.

2.2 Whether the lease agreement in this scenario is valid and binding on Free State Airlines
SOC Ltd.