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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 B under the 1973 Companies Act which requires a round robin resolution to be signed by “all the directors”. When dealing…
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 possible for members of the public to establish a basic private company in a matter of minutes, without having to make…