Question

compile a list of legal rights enjoyed by shareholders. Can a member see the register of members kept by a company for any reason?

Answer 1

Common shareholders are legal rights noted as under:

1. Right to vote

2. Claim of ownership on portion of assets owned in the company

3. the right to transfer ownership by trading their shares on stock exchange

4. right to receive dividends which are residual profits of the company distributed to shareholders

5. the right to inspect corporate documents including company bylaws and minutes of meeting

6. the right to sue for wrongful acts

Yes, a member can see the register of members kept by the company for any reason unless the company is a mutual fund company. The register of members, commencing from the date of registration of the company except when the register is closed under provisions of the act, shall during business hours be open for inspection of any member w/o charge.