Justify the following statement: Members of the company are entitled to several rights.
Justify the following statement:
Members of the company are entitled to several rights.
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- Being an integral part of a company, members enjoy certain rights and have to fulfill the duties and liabilities.
- Member has the right of accessing books and documents of a company. He can make copies of the Memorandum and Article of Association. He has the right to appoint Auditors and Directors and decide their salary and remuneration.
- He can inspect the Register of Members and Debenture holders register.
- He has right to make a Fundamental Corporate Decision like – Change of Registered office of the company, increase authorized capital, change in the object of the company, make amendment in Articles of Association, right of winding up the company, etc.
- He has the right to receive the notice and agenda of a meeting. He can attend the Annual General Meeting in personal or he can send his proxy to attend the meeting.
- Thus, I agree with the above statement.
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