As Van Dyk Familie Trust (Pty) Ltd and Others v Kemp and Another (025143/2022)
As Van Dyk Familie Trust (Pty) Ltd and Others v Kemp and Another (025143/2022) [2025] ZAGPPHC 239 (7 March 2025)
The court found that the applicants, as shareholders holding at least 10% of the voting rights, had complied with the statutory requirements of section 61(3) of the Companies Act by delivering a valid written demand for a shareholders meeting. The first respondent, as sole director, was legally obliged to convene such a meeting. The respondents' opposition, including arguments about non-joinder and alleged sale of shares, was rejected as either irrelevant or unsupported by evidence. The court held that notification of other shareholders would occur as part of the order and that their rights w…
Source excerpt
- Companies Act Section 61
- Shareholders Meeting
- Non Joinder
- Locus Standi
- Costs On Punitive Scale