South Africa Law

Get your South African law questions answered by Experts

Ask a Lawyer,
Get an Answer ASAP!

We are looking wording to draw up a resolution

Customer Question
We are looking for a...
We are looking for a wording to draw up a resolution for the sale of shares
Submitted: 3 years ago.Category: South Africa Law
Show More
Show Less
Ask Your Own South Africa Law Question
Answered in 33 minutes by:
7/13/2015
Lawyer: Mike Otis, Legal Advisor replied 3 years ago
Mike Otis
Mike Otis, Legal Advisor
Category: South Africa Law
Satisfied Customers: 2,161
Experience: B.Comm; LL.B; LL.M.
Verified
Welcome, and thank you for your question. In order to enable me to assist, kindly provide further details:1. Please provide a general description of the transaction that you wish to conclude.2. When you refer to resolution, please elaborate - are there any restrictions contained in the company's memorandum of incorporation that would require a resolution authorising the sale of share? Or are you referring to the contract for the sale of shares?3. Is this a sale of existing shares or a new issue of shares?4. Are there any specific conditions attached to the proposed transaction?Regards,
Ask Your Own South Africa Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Barend B. Your Own Question
Barend B.
Barend B.
Barend B., Legal Consultant
Category: South Africa Law
Satisfied Customers: 1,364
1,364 Satisfied Customers
Experience: BLC LLB (Pret) LLM (Augsburg)

Barend B. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

PHINEAS MOTAUNG

PHINEAS MOTAUNG

Attorney

113 satisfied customers

BACHELOR OF LAWS

Emil

Emil

Attorney

33 satisfied customers

BCom Law LLB, 3 years post article experience as attorney

LCP

LCP

Attorney

21 satisfied customers

BCom (Stell) LLB LLM

Freddie Lombard

Freddie Lombard

Attorney

2,801 satisfied customers

Practicing attorney and conveyancer with 16 years post article experience.

Shaie Zindel

Shaie Zindel

Attorney

1,249 satisfied customers

All areas of commercial and contract Law - specialist in property advice.

inciteadvisor

inciteadvisor

Commercial Lawyer

814 satisfied customers

B.Com LLB Registered Corporate lawywer

Christiaan K

Christiaan K

218 satisfied customers

Attorney & Director at Lombard Kotze Incorporated

< Previous | Next >

Related South Africa Law Questions
PtyZ has one director and one incorporator, and his name is.
PtyZ has one director and one incorporator, and his name is***** has a generic Memorandum Of Incorporation. How can Joe issue 50 shares to Kate? Can Joe simply create a company resolution stating that… read more
Freddie Lombard
Freddie Lombard
Attorney
Bachelor's Degree
2,801 satisfied customers
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
CaseLaw
Attorney
Master\u0027s Degree
1,706 satisfied customers
I signed and offer to purchase but upon inspection found
Hi. I signed and offer to purchase but upon inspection found that certain additions was done to the property that was not part of the original drawings. The support structure that was added seems fair… read more
CaseLaw
CaseLaw
Attorney
Master\u0027s Degree
1,706 satisfied customers
Greetings .The owner of pharmacy and me a registered
greetings .The owner of pharmacy and me a registered pharmacist had a verbal agreement on the sale of the pharmacy . A manager and I were to purchase the pharmacy over terms period agreeded by the sel… read more
JW Fourie
JW Fourie
Attorney
Bachelor\u0027s Degree
6,698 satisfied customers
Just need someone to look at a divorce agreement and explain
Just need someone to look at a divorce agreement and explain one or two clauses for me. It looks straight forward and reflects what is agreed upon, but wanted to make doubly sure.… read more
Mike Otis
Mike Otis
Legal Advisor
2,161 satisfied customers
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
Master\u0027s Degree
4,502 satisfied customers
I bought a 50% share in a friends caravan 2 years ago. He
I bought a 50% share in a friend's caravan 2 years ago. He offered this deal to me, as he needed money and I wanted to buy a caravan. He did not want to draw up any agreement, and said if it happens t… read more
Barend B.
Barend B.
Legal Consultant
Master's Degree
1,364 satisfied customers
I have signed a divorce settlement - I have sold my company
I have signed a divorce settlement - I have sold my company shares first payout was to be on the 1 September 2013 should this not happen a monthly amount as well as interest is to be paid on or before… read more
Mike Otis
Mike Otis
Legal Advisor
2,161 satisfied customers
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
CaseLaw
Attorney
Master\u0027s Degree
1,706 satisfied customers
Can I fire a Director of my company who is a 10% share Holder. Also
Can I fire a Director of my company who is a 10% share Holder. Also I am selling up the company ( My Farm) and she is now refusing to leave the house which is in the company name. She is Not paying re… read more
inciteadvisor
inciteadvisor
Commercial Lawyer
Post graduate degree- LLB
814 satisfied customers
Good Day, Is it legal to only record a shareholders meeting,
Good Day, Is it legal to only record a shareholders meeting, or should it transcripted to reading material. Either way where can i find information pertaining to this. I cant seem to find it in the co… read more
Shaie Zindel
Shaie Zindel
Attorney
B.A. (RAU); BProc (RAU)
1,249 satisfied customers
Section 41(3) of the new Companies Act require a special resolution
Section 41(3) of the new Companies Act require a special resolution if the Board wants to issue shares totaling 30% or more of the voting rights of a particular type of share. Can the board get the sp… read more
Bert274
Bert274
Attorney
Master's Degree
481 satisfied customers
I have sold shares in a business to my partner who is now refusing
I have sold shares in a business to my partner who is now refusing to pay me. Further, I was contracted to another business, of which he is the sole member, my fees invoiced monthly. I am getting nowh… read more
JW Fourie
JW Fourie
Attorney
Bachelor\u0027s Degree
6,698 satisfied customers
I am a partner in a partnership with my brother and his wife,shares
I am a partner in a partnership with my brother and his wife,shares are divided three ways each partner holds a third.My quetion is,i want to sell my share of the business,can i sell it to whoever off… read more
Mike Otis
Mike Otis
Legal Advisor
2,161 satisfied customers
Good day, we had a online company that was not doing well
Good day, we had a online company that was not doing well and decided to close and all the partners would take a copy of the software and go their own way or we would by the partners out, one replied … read more
JW Fourie
JW Fourie
Attorney
Bachelor\u0027s Degree
6,698 satisfied customers
we have a pty ltd, we can not find the shareholders. only one
we have a pty ltd, we can not find the shareholders. only one director registered with CIPRO. We want to change shareholders because we can not get the other shareholders to take a resolution on new p… read more
Mike Otis
Mike Otis
Legal Advisor
2,161 satisfied customers
I am one of 3 shareholders in ORIASIS PTY Ltd. The company
I am one of 3 shareholders in ORIASIS PTY Ltd. The company has been inactive for at least 3 years, has no debts etc. What do I need to do to sell my 1/3 share to one of the other 2 shareholders? (pric… read more
JW Fourie
JW Fourie
Attorney
Bachelor\u0027s Degree
6,698 satisfied customers
Hi there, we are thinking of setting up a trust between 4 children
Hi there, we are thinking of setting up a trust between 4 children and my Mother for a property owned by my mother. All the parties involved agrees that we all have to contribute to this trust to ensu… read more
Barend B.
Barend B.
Legal Consultant
Master's Degree
1,364 satisfied customers

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).

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).

Show MoreShow Less

Ask Your Question

x