Answer to Question #193755 in Law for Matheus Shongola

Question #193755

Montavi (Pty) Ltd is a private company with the following shareholders:


  1. Sem, who has been declared a prodigal by the High Court
  2. Nusiku, Sem’s 25 year old daughter
  3. Nelson, Sem’s 25 year old son
  4. Oshini CC, the trustee of a testamentary trust with Nelson and Okathimeti (Pty) Ltd as the only beneficiaries of the trust
  5. Starlight (Pty) Ltd, the curator of the insane Ouma Kwatha, mother of Sem


During a general meeting of the members of Montavi (Pty) Ltd, it is decided that it would be to the benefit of all if Montavi (Pty) Ltd were to convert into a close corporation. Montavi (Pty) Ltd wants to know whether it can be converted into a close corporation. Advise.

Expert's answer
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