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The judgment given in the case of Per Trolip JA in and Ors v President Brand Gold Mining Co. 1969 (3) SA 629 (A) is in support of this majority rule.
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Major and Minority Shareholders. Download. ..., even where they adversely affect his own rights as a shareholder "Per Trollip JA in and ORS V President Brand Gold Mining Co. 1969(3) SA 629 (A) Give an assessment of the above statement in light of any applicable principles of common law under the law of companies.
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and ors v president brand gold mining 1969 3 629 ca Description : Muller v Lilly Valley (Pty) Ltd (2011/22041) [2011] ZAGPJHC 146, 24 Oct 2011, As the legal basis is the same as under section 81(1)(d)(iii) of the new Act, and ors v president brand gold mining 1969 3 629 ca.
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This is why there is the majority shareholder rule. The judgment given in the case of Per Trolip JA in and Ors v President Brand Gold Mining Co. 1969 (3) SA 629 (A) is …
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In this regard, the court referred to the much-quoted dictum of Trollip J in Sammel v President Brand Gold Mining Co Ltd 1969 (3) SA 629 (A) to the effect that:
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(See s 104 of the Companies Act and generally Sammel and Others v. President Brand Gold Mining Co Ltd 1969 (3) SA 629 (A) at 666A-667A; Oakland Nominees (Pty) Ltd v. Gelria Mining & Investment Co Ltd 1976 (1) SA 441 (A) at 453 A-B.
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HARMONY GOLD MINING COMPANY LIMITED .... mines: 6.1 President Brand as a Team Leader from 1971 to 1974;. 6.2 Vaal Reefs as a Team Leader .... Leponesa Nong, a former mineworker who died as a result of silicosis and.
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and ors v president brand gold mining 1969 3 629 ca Description : Muller v Lilly Valley (Pty) Ltd (2011/22041) [2011] ZAGPJHC 146, 24 Oct 2011, As the legal basis is the same as under section 81(1)(d)(iii) of the new Act,
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Others v President Brand Gold Mining Co Ltd 1969 (3) SA 629 (A) at 662F). [5] In the court a quo the learned judge had regard to the respondent's financial statements for the year ended 28 February 1997, which, although only in draft form,
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In Sammel v President Brand Gold Mining Co Ltd 1969 (3) SA 629 (A) at 678 the following was stated: "[B]y becoming a shareholder in a company a person undertakes . . . to be bound by the decisions of the prescribed majority of the shareholders, if those decisions on the affairs of the company are arrived at in accordance with the law, even ...
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A minority shareholder's statutory remedy for "oppression" A minority shareholder often has no direct voice in the management of the company, and can be outvoted at every turn at shareholders' meetings. ... In this regard, the court referred to the much-quoted dictum of Trollip J in Sammel v President Brand Gold Mining Co Ltd 1969 (3) ...
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" This principle is called Majority rule principle in the case of Trollip JA and Ors v President Brand Gold Mining Co. 1969 (3) SA 629 (A) stating the reluctance of courts to intervene in matters concerning the internal management of a company.
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v president brand gold ore dressing mill gold A minority shareholder's statutory remedy for Welcome to Brink ... The recent decision of the supreme court of Appeal in Louw v Nel 2011 (2) SA 172 ... v President Brand Gold Mining Co Ltd 1969 (3) SA 629 (A) to the effect that:
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In applying the principles laid down in Plascon Evans (Pty) Ltd v Van Riebeeck Paints (Pty) Ltd, 11 the Court must accept the Respondent's version in relation to this dispute. ... 12 Per Trollip JA in v President Brand Gold Mining Company Limited 1969 (3) SA 629 (AD) at 678.
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