Assignment
Part 1
Register a no liability company --- note section 117(1) and (2) and form 201 --- do not forget the various consents.
The company's internal management rules must be the replaceable rules -- note sections 134 and 135 but the company must also have a constitution which complies with section 112(1) and (2) ( nl co.)
The constitution must also create a class redeemable preference shares -- note sections 254a(2) and (3)
Part 2
Word limit 400 words
Research the maintenance of capital doctrine - you must research the history of the doctrine ( support your research with case analysis)-- explain the benefits of the doctrine and finally research and explain the exceptions to the doctrine. Note sections 256b, 257b, 260a and 259a
Attachment:- Law-assignment.rar