Rights as a Shareholder
As an individual shareholder you enjoy the following rights:
- To receive the share certificates, on allotment or transfer (if opted for transaction in physical mode) as the case may be, in due time.
- To receive the share certificates on rematerialisation in due time.
- To receive copies of the Annual Report containing the Balance Sheet, the Profit & Loss Account and the Auditor’s Report.
- To participate and vote in general meetings either personally or through proxy
- To receive dividends in due time once approved in general meeting.
- To receive corporate benefits like rights, bonus etc. once approved.
- To apply to Company Law Board (CLB) to call or direct the calling of Annual General Meeting (as per provisions of Companies Act, 1956)
- To inspect the minute books of the general meetings Register of Members, Register of Contracts, Register of Investments and to receive extract thereof upon payment of requisite fee.
- To proceed against the Company by way of civil or criminal proceedings, if need be.
- To apply for the winding up of the company ( as provided in the law).
- To receive the residual proceeds, in case if a company is wound up.
- To make nomination in respect of shares held by you.
Besides the above rights, which you enjoy as an individual shareholder, you also enjoy the following rights as a group:
- To requisition an Extra- ordinary General meeting.
- To demand a poll on any resolution.
- To apply to CLB to investigate the affairs of the Company
- To apply to CLB for relief in cases of oppression and/or mismanagement.
You may note that the above mentioned rights may not necessarily be absolute.
For example, the right to transfer securities (in physical form ) is subject to thecompany’s right to refuse transfer as per statutory provisions.
Rights as a Debenture Holder
- To receive interest / redemption in due time
- To receive a copy of the trust deed on request
- To apply for winding up of the company if the company fails to pay its debt.
- To approach the Debenture Trustee with your grievance, if any.
Rights as a Deposit Holder
- To receive interest / maturity redemption proceeds in due time.
- To apply for winding up of the company, if the company fails to pay its debt.
- To approach the CLB with your grievance, if any.