Discuss any possible contraventions with the companies act

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Reference no: EM133440466

Question: Portia Ndlovu was recently appointed as company secretary at Azara (Pty) Ltd, a company with a 31 January financial year-end.
She is required to organize the first annual general meeting for 2023. The meeting is scheduled to take place on 15 March 2023 and Portia Ndlovu provided notice for the meeting to all shareholders on 10 March 2023. There is no provision in the MOI of the company for shorter or longer minimum periods. As part of the notice received, a proposed resolution for a change to the company's Memorandum of Incorporation ("MOI") was received. Besides the date of the meeting and the proposed resolution, Portia Ndlovu did not provide the shareholders with any further details regarding the annual general meeting.

1 Discuss any possible contraventions with the Companies Act 71 of 2008 in relation to the notice of the meeting sent on 10 March 2023.

2 Assist Portia Ndlovu by providing her with the procedural requirements regarding the notification of shareholder meetings in terms of the Companies Act 71 of 2008.

3 Briefly advise whether the proposed resolution for changing Azara (Pty) Ltd's Memorandum of Incorporation will constitute an ordinary or special resolution.

Reference no: EM133440466

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