Justify the following statement: Members of the company have some fundamental corporate decision-making rights.
Justify the following statement:
Members of the company have some fundamental corporate decision-making rights.
4 views
1 Answers
- Members hold powers to decide at meetings on important matters.
- He has certain fundamental rights like a change of registered office of the company.
- He can increase the authorized capital of the company.
- He can change the objects of the company because he is a member of the company as well as the owner of the company.
- He also has a right to amend the Articles of Association.
- He also has a right to acquisitions, mergers, and takeovers by the company. He can appoint sole selling agents for the company.
- He also has a fundamental right to close or wind up the company.
- Thus, I agree with the above statement.
4 views
Answered