list of project topics on rights of shareholders and corporate governance

Rights of Shareholders

The Companies & Allied Matters Act provides for shareholders several basic rights, which are as follows:

  • Right to attend any general meeting of the company.

  •  Right to speak and vote or pass any resolution before the meeting.

  • Right to vote in person or in absentia, and equal effect shall be given to votes whether cast in person or in absentia.

  • Right to be furnished with sufficient and timely information concerning the date, location and agenda of the general meetings, as well as full and timely information regarding the issues to be decided at the meeting.

  • Right of opportunity to ask questions from the board and to place items on the agenda at the general meetings, subject to reasonable limitations.

  • Right to be informed of any resolution appointing or approving the appointment of a director.

  • Right to sue for dividends.

  • Right to a copy of the memorandum and articles, if any, and a copy of any enactment which alters the memorandum

  • Right of a preference share to more than one vote.

  • Right of conveying or transferring shares.

  • Rights of sharing in the residual profits of the company.

  • Right to bonus and rights issue of the company.

  • Rights to inspect the register of members of the company.

  • Right to be issue within three months without any payment of certificate after the close of offer

  • Right of shareholders vis-à-vis a prospectus that is being issued in an offer for subscription of shares by an Issuer.

  • Right of the shareholders to be represented in the audit committee of the company

  • Right to seek redress when necessary.