Government Gazette 20091222-32832 Part2 - LexisNexis South Africa

STAATSKOERANT, 22 DESEMBER 2009No. 32832 201COMPANlES REGULATIONSDRAFT FOR PUBUC COMMENT 21 DECEMBER 2009Form CoR 16.1(B) : Long Standard Form Memorandum of Incorporation for a Profit CompanyRegulation 191__ an indefinite term, as contemplated in section 68 (1).a term ofyears.(5) The manner of electing directors of the Company is -as set out in section 68 (2).as set out in Part C of Schedule 5.(6) The authority of the Company's Board of Directors to fill any vacancy on the Boardon a temporary basis, as set out in section 68 (3) -is not limited or restricted by this Memorandum of Incorporation.is limited or restricted to the extent set out in Part D of Schedule 5.5.2 Authority of the Board of Directors(1) The authority of the Company's Board of Directors to manage and direct thebusiness and affairs of the Company, as set out in section 66 (1) -is not limited or restricted by this Memorandum of Incorporation.is limited or restricted to the extent set out in Part E of Schedule 5.(2) If, at any time, the Company has only one director, as contemplated in section 57 (3),the authority of that director to act without notice or compliance with any otherinternal formalities, as set out in that section -is not limited or restricted by this Memorandum of Incorporation.is limited or restricted to the extent set out in Part F of Schedule 5.5.3 Directors' Meetings and Committees(1) The authority of the Company's Board of Directors to consider a matter other than ata meeting, as set out in section 74 -is not limited or restricted by this Memorandum of Incorporation.is limited or restricted to the extent set out in Part G of Schedule 5.(2) The right of the Company's directors to requisition a meeting of the Baord, as set outin section 73 (1), may be exercised -by at least 25% of the directors, as provided in that section; orby at least__% of the directors, despite the provisions of that section.(3) The authority of the Company's Board of Directors to conduct a meeting entirely byelectronic communication, or to provide for participation in a meeting by electroniccommunication, as set out in section 73 (3) -is not limited or restricted by this Memorandum of Incorporation.is limited or restricted to the extent set out in Part H of Schedule 5.