Mr. Makura, the Chief Executive Officer of Astron Energy Ltd, is travelling business class on Eitah Airlines from London to South Africa. He is seated beside Ms. Mashaba, a wealthy entrepreneur (Owner of Shein Oils Ltd) . Ms Mashaba informs him that her company is in the process of issuing shares to the public for subscription as they are seeking to raise R800 million to build the 2024 Soccer Stadium in preparation for the FIFA World Cup which is to be held in South Africa. She explains the financial position of the company especially the cash flow, profits and losses, as well as the future prospects of the company. ANSWER THE FOLLOWING QUESTIONS : 3.1 Assume Mr Makura wishes to subscribe to the company shares while they are on the flight from London to South Africa. With reference to S: 108(1) of the Companies Act 2008, can Shein Oils Ltd allot the shares to him? Explain. (2) 3.2 Assume Shein Oils Ltd, is in the process of allotting shares to members of the public who have successfully subscribed for its shares. Discuss the statutory restrictions that it has to comply with before allotment of the shares. (8) [10 MARKS]