UNIT STANDARD TEMPLATE FOR THE STANDARDS …
| |
|SOUTH AFRICAN QUALIFICATIONS AUTHORITY |
|UNIT STANDARD: 37 |
|Understand the basic principles of South African company law |
|SAQA US ID | |
|SGB NAME |SGB for Quantity Surveying |
|NSB |NSB 12: Physical Planning and Construction |
|NQF LEVEL: |6 |
|CREDITS |15 |
|FIELD |Physical Planning and Construction |
|SUB-FIELD |Physical Planning, Design and Management |
|UNIT STANDARD TYPE |Regular |
|ISSUE DATE | |
|REVIEW DATE | |
| |
|PURPOSE OF THE UNIT STANDARD |
|The qualifying learner is capable of: |
|Understanding the basic principles of South African company law as they relate to partnerships, trusts, companies and close corporations |
| |
|Successful completion of this unit standard will contribute towards the full development of a professional community of Quantity |
|Surveyors. The skills, knowledge and understanding to be demonstrated by qualifying learners are essential for economic transformation |
|and social upliftment within environments related to construction and property development |
| |
|LEARNING ASSUMED TO BE IN PLACE |
|NQF Level 5 or equivalent |
|SPECIFIC OUTCOMES AND ASSESSMENT CRITERIA |
| | |
|Specific outcome 1 |Assessment criteria 1 |
| | |
|Understand the nature of juristic persons |The legal difference between natural and juristic persons is explained |
| |The legal differences between sole proprietorships, partnerships, trusts, |
| |companies and close corporations is understood |
| | |
|Specific outcome 2 |Assessment criteria 2 |
| | |
|Understand the general principles of the law relating to |The juristic nature of partnerships is understood |
|partnerships |The principles relating to litigation involving partnerships is understood|
| |Knowledge of the essentials of a partnership is demonstrated |
| |An understanding of special kinds of partnerships eg. extra-ordinary |
| |partnerships, is evidenced |
| |The rights and duties of partners is understood |
| |The relationship between partners and third parties is understood |
| |The principles of law relating to the termination of partnerships is |
| |explained |
| |The consequences of termination are understood |
| | |
|Specific outcome 3 |Assessment criteria 3 |
| | |
|Understand the general principles of the law relating to |3.1 The juristic nature of trusts is understood |
|trusts |3.2 The formation of trusts and relevant legislation is explained |
| |3.3 The appointment of trustees is explained |
| |3.4 The management of trusts, including meetings and reporting, is |
| |understood |
| |3.5 The termination of trusts is explained |
| | |
| | |
|Specific outcome 4 |Assessment criteria 4 |
| | |
|Understand the general principles of the law relating to |The juristic nature of companies is understood |
|companies |Types and forms of companies, and differences to a partnership is |
| |explained |
| |Knowledge regarding companies and the Stock Exchange is demonstrated |
| |The Companies Act and its applicability are understood |
| |The Constitution of a company: memorandum of association and articles of |
| |association, are explained |
| |Knowledge relating to promoters and prospectuses is evidenced |
| |Knowledge relating to incorporation, pre-incorporation contracts and |
| |deregistration is demonstrated |
| |Capital, shares, debentures and bonds are understood |
| |The law relating to members of companies is explained |
| |The law relating to the holding of General Meetings is understood |
| |The law relating to directors of companies: rights and duties; actions; |
| |outsider protection; majority rule and minority protection, is explained |
| |Dividends and profits are understood |
| |Winding up and judicial management are explained |
| | |
|Specific outcome 5 |Assessment criteria 5 |
| | |
|Understand the general principles of the law relating to close|The juristic nature of close corporations is understood |
|corporations |The formation of close corporations and relevant legislation is explained |
| |The management of close corporations, including meetings and reporting, is|
| |understood |
| |The termination of close corporations is explained |
| |
|ACCREDITATION PROCESS, INCLUDING MODERATION OPTIONS |
| |
|Both normative and summative assessment methods incorporating evaluation techniques to adequately and appropriately achieve the |
|objectives of this Unit Standard, are applied |
| |
|Summative assessments include integrated assessment to evaluate the learner’s ability to combine various knowledge and skills |
|competencies in such a way that |
|respective specific outcomes are adequately met |
|learning achievements relative to the specific outcomes of this Unit Standard are competently demonstrated |
|embedded / underlying knowledge is applied insofar as it relates to specific outcomes |
|domain knowledge is displayed |
|Moderation options include transparent, affordable |
|peer review (academic - interdisciplinary - work-place practitioners ) |
|assessment of competence by external organisations and in particular the South African Council for the Quantity Surveying Profession, |
|established in terms of the Quantity Surveying Profession Act No 49 of 2000 |
|compliance with the framework and regulations established by the Higher Education Quality Committee of the CHE, which includes the |
|appointment of accredited / registered external examiners / assessors who are external to the provider |
|assessment of competence by professional institutions / inter-disciplinary fraternal associations |
| |
|RANGE STATEMENTS |
| |
|The scope of this Unit Standard is related to the performance of work typically undertaken by Quantity Surveyors and which |
|newly-qualified persons are expected to demonstrate in their places of employment, including the ability to |
| |
|understand the nature of juristic persons versus natural persons |
|understand the basic principles of law relating to partnerships |
|understand the basic principles of law relating to trusts |
|understand the basic principles of law relating to companies |
|understand the basic principles of law relating to close corporations |
| |
|ESSENTIAL EMBEDDED KNOWLEDGE |
| |
|Refer to Specific Outcomes and related Assessment Criteria |
| |
|The specific outcomes of this Unit Standard relate to fields of economic activity other than Quantity Surveying, thereby providing |
|career-path options leading to a variety of employment opportunities, for example in |
|banking |
|capital allowances and tax advice |
|construction management |
|contract surveying |
|education and training |
|environmental management |
|equipping / refurbishment / management e g commercial / retail enterprises and hospitality / tourism industry |
|facilities management |
|housing |
|information technology |
|mining |
|project management |
|property brokerage |
|property development |
|property valuation |
|real estate management |
|shipbuilding and maintenance |
|specification writing |
|urban and regional planning |
| |
|NOTES / SUPPLEMENTARY INFORMATION |
| |
|Refer to foregoing range statements. Qualifying learners are expected to demonstrate their skills (in terms of Assessment Criteria) |
|within time limits which are acceptable to Assessors / Moderators, relative to the scope of task / assignment production and overall |
|quality of performance |
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