Ramela v Ndzunzu and Others (126/2022)
Ramela v Ndzunzu and Others (126/2022) [2024] ZAECELLC 45 (30 October 2024)
The court found that the 1st respondent's continued occupation as director of Border Cricket NPC was in clear contravention of the company's memorandum of incorporation, which limits directorship to nine consecutive years and requires a two-year cooling-off period before reappointment. The evidence showed that the 1st respondent had served for eleven years without interruption. The respondents' argument that the Companies Act sections 71 and 162 exclusively govern removal was rejected; the court held that the memorandum of incorporation and the Act must be read together, and section 66(4)(i)…
Source excerpt
- Memorandum Of Incorporation
- Removal Of Director
- Urgent Interdict
- Locus Standi
- Nonjoinder