Tag ArchivesProxy

The Ability to Constitute Quorum at a General Meeting of a Body Corporate and the limitation of Proxys

The Sectional Title Scheme Management Act 8 of 2011 (hereinafter referred to as “STSMA”) brought significant changes to what would constitute a quorum for a general meeting of a Body Corporate in Sectional Titles Scheme. A general meeting of the Body Corporate is required to be held annually. The Body Corporate is made up of […]

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Proxy Representation – The Supreme Court of Appeal’s interpretation of Section 58(1) and 58(3)(C) of the Companies Act, 71 of 2008

As most practitioners are aware, especially those who deal with the drafting of Shareholders Agreements or even Memoranda of Incorporation, we usually insert quite a lengthy clause dealing specifically with proxies, their appointment, their right to vote, etc. I don’t believe many practitioners (be it attorneys, auditors, or advisors) have ever given much thought to […]

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