Page 7 - PowerPoint Presentation

Exam Technique

• Validity or legality of transactions/actions or Companies

Act requirements

• Identify the issues of the question to address

• This becomes the headings to the answer - NB

• Give the applicable Companies Act requirements for the

issues

• Measure the given information of the question against the

requirements

• Conclusion

• Example

• Empowerment transactions (issues of shares, financial assistance,
personal financial interest)

• Sale of assets (authorization/personal financial interest, etc).

• Distributions - dividends (decision, authorization, requirements)
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