Rights as a Shareholder
As an individual shareholder you enjoy the following rights:
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To receive the share certificates, on allotment or transfer (if opted for transaction in physical mode) as the case may be, in due time.
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To receive the share certificates on rematerialisation in due time.
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To receive copies of the Annual Report containing the Balance Sheet, the Profit & Loss Account and the Auditor’s Report.
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To participate and vote in general meetings either personally or through proxy
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To receive dividends in due time once approved in general meeting.
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To receive corporate benefits like rights, bonus etc. once approved.
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To apply to Company Law Board (CLB) to call or direct the calling of Annual General Meeting (as per provisions of Companies Act, 1956)
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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.
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To proceed against the Company by way of civil or criminal proceedings, if need be.
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To apply for the winding up of the company ( as provided in the law).
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To receive the residual proceeds, in case if a company is wound up.
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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:
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To requisition an Extra- ordinary General meeting.
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To demand a poll on any resolution.
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To apply to CLB to investigate the affairs of the Company
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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
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To receive interest / redemption in due time
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To receive a copy of the trust deed on request
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To apply for winding up of the company if the company fails to pay its debt.
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To approach the Debenture Trustee with your grievance, if any.
Rights as a Deposit Holder
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To receive interest / maturity redemption proceeds in due time.
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To apply for winding up of the company, if the company fails to pay its debt.
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To approach the CLB with your grievance, if any.