A round robin resolution can be passed by a majority of the directors (provided all directors get notice of the proposed resolution) unless the MOI of the company provides otherwise (section 74(1) of the Companies Act 2008). But many registered companies have not updated their MOIs and still use the form of the old Table
Robyn Holwill
Rapid registration of basic private companies
By Robyn Holwill on
The goal is to make it possible for members of the public to establish a basic private company quickly.
The Companies and Intellectual Property Commission (CIPC) has announced that it is providing quick methods to incorporate a private company, using the freely available short form Memorandum of Incorporation. The ultimate goal is to make it…