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Posted on 1 Jun 2017
Case number: CT023APR2015
Case type: Annual general meeting
Decisions Status: Refused

Section 8 of the Act contemplates two types of companies, namely Profit and Non-Profit companies. State-Owned companies, a subcategory of Profit companies and Non-Profit companies, are further
regulated in terms of sections 10 and 11, respectively. In short, State-Owned companies are required to comply with the requirements of holding an Annual General Meeting (“AGM”) as if they were Public companies and it appears that the First Applicant, on the version of the deponent to the Founding Affidavit, is also required to hold an AGM. I could not find authority for the requirement for the Second Applicant to hold and AGM, but will accept, without deciding the point, that the deponent is correct and that this is indeed, a requirement

Decisions and Orders

Date of Decision: 10 Jun 2015

Decisions Status: Refused

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