Constitution

Constitution

Name
1. 'Plc'
  1. s58 (2)
2. 'Ltd'
  1. s58(1)
3. must be different
  1. s52
4. Consent
  1. s54
5. Change
  1. Special Resolution
    1. s77
  2. SoS can compel
6. Phoenix trading
  1. IA s 216,217
  2. Re Bonus Breaks
    1. Creditor Permission
  3. Glasgow v Craig and Moccia
    1. Personally liable
7. Passing Off
  1. Wright, Layman and Umney v Wright
    1. Allowed to use own name
  2. Biba v Biba Boutique
    1. No protection for nicknames
  3. Aerators v Tollit
    1. Cannot have exclusive use of word
  4. Ewing v Buttercup Margarine
    1. Could not use name
  5. CA s 69-74
    1. Company names adjudicator
Members
1. On the company terms
  1. s33
2. Must follow the articles
  1. Hickman v Sheepbreeders
    1. thick man
  2. Eley v Positive Government
    1. Sued for non employment
    2. only sue as a MEMBER
  3. Equitable Life v Hyman
    1. cannot get out of existing contracts
  4. Southern Foundries
    1. always managing director
    2. voted off board
  5. Bushell v Faith
    1. Weighted voting
3. Shareholders agreements
  1. Snelling
Objects Clause
1. States what a company will do
2. Don't exist much anymore
  1. Charities regular
3. Ultra Vires rule
  1. only carries out acts that the objects clause permits
  2. German Date Coffee
    1. Extreme example
    2. Sweedish products used
      1. ultra vires
  3. European Comuntities Act
    1. s9
      1. Companies bound by ultra vires acts
        to protect 3rd parties
  4. Companies Act
    1. s39(1)
      1. Overiding statute
        company has to honour ultra vires acts
    2. s40(1)
      1. external policy
        Protection of 3rd parties
        good faith
    3. s40(4)
      1. internal policy
        member may obtain interdict
    4. s41
      1. Exceptions
        director has personal interest
        Unless
        Indemnified company
        Company affirmed act
        3rd party
        subject gone
4. Alteration
  1. Special Resolution
    1. s21

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