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Related South Africa Law Questions
This is and urgent matter involves an "agricultural property"
This is and urgent matter involves an "agricultural property" owned by a cc. The cc members are all family. The property is large (over 1000ha) and very remote and wild. The members originally consist… read more
CaseLaw
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Im a minority member of a closed corporation. Since the establishment
I'm a minority member of a closed corporation. Since the establishment of the company, the majority member has never been active in any of aspect of running the business. As a lead part of a joint-ven… read more
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I have 2 questions: one is labour related to my own work, the
I have 2 questions: one is labour related to my own work, the other related to corporate law... i see you are a commercial lawyer can I go ahead and ask you anyway? you can advise me on way forward?… read more
JJ
JJ
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I inherited 27.5% of farmland registered in a CC, with 5 other
I inherited 27.5% of farmland registered in a CC, with 5 other members to the CC. As this farm has closed up business, I need to sell my member's interest, but the value is too low in comparrison with… read more
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Mike Otis
Legal Advisor
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Good afternoon, I am a member of a CC. We are 6 members within
Good afternoon, I am a member of a CC. We are 6 members within the CC with different shareholding. We are in the process of selling the Apartment that we bought within the CC. Not everyone agrees on t… read more
CaseLaw
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Good Afternoon. I am compiling a file to forward to you at
Good Afternoon. I am compiling a file to forward to you at a later stage when I have received all relative documentation from the bank. 1) On a purchase of a property in a CC, the Developer/Transfer A… read more
Mike Otis
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I signed an sale of members interest agreement four years ago.
I signed an sale of members interest agreement four years ago. The agreement stated that I will remain in the uninterrupted employment of the cc for four years which would serve as payment for my shar… read more
WCLawyer
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A group of companies (all are close corporations) are majority
A group of companies (all are close corporations) are majority owned by one individual, and in each company there is one other member who has 40% members interest in the company. ie company X is owned… read more
Shaie Zindel
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Can a shareholder and Director of a close corporation sell
Can a shareholder and Director of a close corporation sell her own personal property to the close corporation? Is this not a conflict of interest if the shareholder and her husband are majority shareh… read more
Shaie Zindel
Shaie Zindel
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B.A. (RAU); BProc (RAU)
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I have Closed corporation business, when I started the business
I have Closed corporation business, when I started the business I was presurerised by one of the employees on shares and I said that he will receive 10% of the business when I die or sell the business… read more
Shaie Zindel
Shaie Zindel
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B.A. (RAU); BProc (RAU)
1,250 satisfied customers
Good day. I am a 40% member of a close corporation. I have
Good day. I am a 40% member of a close corporation. I have no part in the management of the business, which is the responsibility of the 60% member. I am concerned that she is making poor decisions an… read more
WCLawyer
WCLawyer
Attorney
Bachelor's Degree
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what decisions need more than a simple nmajority ,what % of
what decisions need more than a simple nmajority ,what % of majority do they need? all in a cc… read more
Mike Otis
Mike Otis
Legal Advisor
Master's Degree
2,161 satisfied customers
A member of a close corparation offered the sale of his members
A member of a close corparation offered the sale of his members interest to another member of the cc for the amount of R 1.00 verbally. The offer was accepted and the amount was paid. How legal is the… read more
Mike Otis
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is a member with a 70% shareholding in a CC able to pass resoloutions
is a member with a 70% shareholding in a CC able to pass resoloutions without the the second member who holds 30% being present or in agreement with the resoloution?… read more
WCLawyer
WCLawyer
Attorney
Bachelor's Degree
9,008 satisfied customers
I am 51% owner of a CC with three other members whoes interests
I am 51% owner of a CC with three other members whoes interests are: B -24% c- 15% d 10% I and member B (75%) have agreed to a price for his interest and the sale of our Cape Town branch to him. Membe… read more
WCLawyer
WCLawyer
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I HAD A PARTNER IN A CC WHO RESIGNED 10 MNTHS AGO.I MADE AN
I HAD A PARTNER IN A CC WHO RESIGNED 10 MNTHS AGO.I MADE AN OFFER FOR HIS 47% OWNERSHIP WHICH HE DISPUTED FOR FIVE MONTHS I WITHDREW THE OFFER. CAN I SELL THE CC TO A NEW COMPANY WITH A 56% VOTE OF TH… read more
WCLawyer
WCLawyer
Attorney
Bachelor's Degree
9,008 satisfied customers
Good Evening I have been working with my older brother in
Good Evening I have been working with my older brother in a cc for 20 years. He owns 51%, I own 29%, two other recent members hold the balance. This business is a sales & distribution agent for a very… read more
WCLawyer
WCLawyer
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Bachelor's Degree
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Where can I get a copy of a standard association agreement
Where can I get a copy of a standard association agreement for a close corporation? I read on the web that there was one incorporated into the Close Corporations Act, but on reading the Act (on severa… read more
WCLawyer
WCLawyer
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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