Sec. 65 of the South African Companies Act

Priyesh Modi
Sep 13, 2022
1 min read

Two or more shareholders may propose resolutions for approval at a shareholders meeting as long as those resolutions relate to matters on which the shareholders are entitled to vote (Sec. 65 of the South African Companies Act). Shareholders cannot pass resolutions instructing the Board on how the company should be run.

#boardsofdirectors

#mergersandacquisitions

#corporatefinance

Recent Posts

See All

Pledge

In South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...

Delegation of Authority

Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...

Suretyships and Guarantees

In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...