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ZUG1016 – Corporations law

Undergraduate – Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

School

Business and Economics

Offered

South Africa

  • Second Semester 2017

15 Credits

Synopsis

The principal aim of this module is for students to gain comprehensive insight into the law relating to different types of business structures in South Africa, more specifically companies, business trusts, partnerships, and close corporations. The purpose of the module is to give students an appreciation of the legal nature of business organisations and the legal issues that arise in relation to their formation, financing, control, management and liquidation.

Outcomes

  • Identify different forms of business structures in South Africa.
  • Explain the rationale for a company as a business entity and the legal framework governing companies.
  • Explain the division of powers and functions within the company.
  • Discuss the legal principles relating to corporate finance, company groups and related persons.
  • Discuss corporate governance structures as well as the role and duties of the board of directors.
  • Explain fundamental corporate transactions, which include the concepts of business rescue, compromise with creditors and winding-up of companies.
  • Discuss the nature of Close Corporations and how they are managed and controlled.

Assessment

Within semester assessment: 50%
Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this module is 150 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The module requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Prohibitions

None

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