a comapny acts through its members whose power are given to them by the memorandum of corporation in south africa

true or false

1 answer

True. In South Africa, a company acts through its members (shareholders) and its directors, and the powers and rights of these individuals are typically outlined in the company's Memorandum of Incorporation (MOI). The MOI serves as the founding document of the company, detailing the rules and powers that govern the company's structure and its management.