Sunday, 6 April 2014

RIGHTS OF SHAREHOLDERS



RIGHTS OF SHAREHOLDERS
Primary Right
The ownership of at least a share of any classes constitutes the “holder” a member of the company which has issued the shares. As a member, the shareholder will enjoy certain rights in the company which, unless modified or excluded by the company’s articles, will generally comprise the right to:
• Attends general or class meetings of the company,
• Vote at the said meetings,
            • Receive a properly declared dividend.
Secondary Rights
1.      Notices of general meetings
2.      Copies of balance sheet lay before the general meeting
3.      Copies of memorandum and articles
4.      Inspection of minutes of general meetings and registers
5.      Petition for the alternative remedy.

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