State the rights of members with regard to participation in general meeting.
State the rights of members with regard to participation in general meeting.
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As an integral part of a company, a member enjoys certain rights and has to fulfill certain duties and liabilities.
Following are the rights of members:
- Right to receive the notice and agenda of all general meetings, attend them in person or appoint a proxy, speak and vote at the meeting, demand to call Extra-Ordinary General meeting and pass resolutions.
- Right to receive the copy of annual reports, auditors’ reports, statutory reports, and the annual account are on his registered address.
- Right to transfer shares, if any, imposed by the Article of Association.
- Right to receive bonus shares whenever issued by the company.
- Right to get the name entered in the Register of members and be registered as a member of the company,
- Right to receive a share in the surplus property and assets of the company on winding up of the company after all other claims have been paid.
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