Page 49 - Q&A
P. 49
Two things need to be remembered though. The first is that directors and
shareholders do not need to meet in person to make a valid resolution in terms
of the Companies Act. The second is that the Memorandum of Incorporation
may alter the provisions of the Companies Act. It is, therefore, important to
consider the provisions of the Companies Act together with your Memorandum
of Incorporation to ensure that directors and shareholders resolutions are validly
taken when such decisions are resolved other than at a meeting where directors
or shareholders are present. Commercial
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