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Good day,
Can anyone please help me with the scenario below, I need a refresher.I have 2 shareholders, A (49%), B (51%) own ABC P/L. ABC P/L own 100% of DEF P/L. ABC plans to sell 100% stake in DEF to shareholder B. What are the steps to follow according to RSA Companies Act and King IV recommendation? Meetings, Notices, Shareholders, Directors? Also please help with sections.
There are no Companies Act specifically examinable in AAA or King IV – nor indeed in any ACCA exam (except for LW exams).
You could try asking in the qualified members forum https://opentuition.com/forum/qualified-members-forum
Or you could ask a LW student here https://opentuition.com/forum/acca-forums/acca-lw-corporate-and-business-law-forums if your question appears to be relevant to the LW ZAF variant https://www.accaglobal.com/ca/en/student/exam-support-resources/fundamentals-exams-study-resources/f4/acca-f4-syllabus-study-guide/f4-syllabus-and-study-guide-south-africa-zaf.html
(You shouldn’t ask our LW tutor because we provide resources only for ENG and GLO variants.)Or browse the internet for guides https://cms.law/en/int/expert-guides/cms-expert-guide-for-directors-of-companies/south-africa
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