TODO
JF-Expert Member
- Jul 14, 2011
- 219
- 62
Wanaforum tafadhali mwenye ujuzi na hii sheria anisaidie hili swali hapa chini.please.
John and Steve formed a private company in the early January 2013. Unfortunately ‘John' was involved in a serious car accident and sustained serious injuries in the head. As a result of such injuries he sometimes loses memory and sometimes becomes insane.
He cannot engage into serious discussions with his partner ‘Steve' because of his mental and health condition. He is always in bed owing to doctors' recommendations.
By using both the Companies Act No 12 of 2002 and the Business Laws (Miscellaneous Amendments) Act, 2011 answer the following alternative situations:i) Can ‘Steve' proceed alone with the company's affairs? Justify your answer with authoritiesii) Suppose ‘John' died in the accident, what would be the proper way(s) that ‘Steve' could use to handle the company's affairs?
John and Steve formed a private company in the early January 2013. Unfortunately ‘John' was involved in a serious car accident and sustained serious injuries in the head. As a result of such injuries he sometimes loses memory and sometimes becomes insane.
He cannot engage into serious discussions with his partner ‘Steve' because of his mental and health condition. He is always in bed owing to doctors' recommendations.
By using both the Companies Act No 12 of 2002 and the Business Laws (Miscellaneous Amendments) Act, 2011 answer the following alternative situations:i) Can ‘Steve' proceed alone with the company's affairs? Justify your answer with authoritiesii) Suppose ‘John' died in the accident, what would be the proper way(s) that ‘Steve' could use to handle the company's affairs?