Section 144 of The Companies Act No. 17 of 2015: Duty of director to exercise independent judgement
(1) A director of a company shall exercise independent judgment.
(2) The duty under subsection (1) is not infringed by the director acting—
(a) in accordance with an agreement duly entered into by the company that restricts the future exercise of discretion by its directors; or (b) in a way authorised by the constitution of the company.
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(1) This section applies to a company—
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(b) that is under administration.
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(1) If—
(a) approval under this Division is sought by written resolution; and
(b) a memorandum is required under this Division to be sent or submitted to every eligible member before the resolution...
- Section 189 - What happens if approval is required under more than one provision
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(2) If an approval is required under more than one section of this Division, thecompany shall comply with each applicable...
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- Section 193 - Contract with sole member who is also a director
(1) If—
(a) a limited company having only one member enters into a contract with the sole member;
(b) the sole member is also a director of the company; and
(c) the contract is not entered into in...
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