Even if shareholders have approved a special resolution, a company may not implement the same without court approval in certain circumstances if it was opposed by at least 15 percent of the voting rights exercised thereon in terms of the South African Companies Act, where dissenting shareholders exercise their rights. #boardsofdirectors #corporatefinance #mergersandacquisitions
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In South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...
Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...
In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...