Rights of Shareholders
- To be informed of, decisions concerning major corporate changes viz., amendment in constitutional documents i.e. memorandum & articles of association, merger, acquisition etc.
- To receive shares on allotment or transmission, within the prescribed time in dematerialised form.
- To receive share certificates on split / consolidation / rematerialisation of shares.
- To freely transfer shares in dematerialised form.
- To exercise equal voting rights in proportion to the shares held by the shareholder(s) in that category
- To make nomination in favour of any person on whom such shares would vest upon death of the shareholder(s).
- To receive financial statements, annual reports and notices convening general meetings in accordance with applicable laws
- To appoint a proxy to attend and vote at the general meetings held in physical mode
- To demand a poll on any resolution in general meetings, as per provisions of the Companies Act, 2013.
- To participate, speak, ask questions, and vote in proceedings of the general meetings as per process prescribed by the Company.
- To propose the appointment and removal of Directors and Auditors of the Company, as per the provisions of the Companies Act, 2013.
- To receive corporate benefits like dividends, issuance of shares on declaration of bonus and right issue, as and when declared by the Company.
- To inspect minutes books of General Meetings, Registers of Members, Directors and Key Managerial Personnel and their shareholding, Register of Contract and Arrangements, etc., and to receive copies thereof after complying with the requirements prescribed in applicable laws.
- To get protection as a minority shareholders from abusive actions by, or in the interest of, controlling shareholders, acting either directly or indirectly, and effective means of redressal.
- To apply to the National Company Law Tribunal to seek relief in cases of oppression and/or mismanagement, as per the provisions of the Companies Act, 2013.
- To raise grievances with the Company and/ RTA on matters like non-receipt of annual report/ dividend/ delay in dematerialisation &/or rematerialisation of shares/ issuance of shares certificate on split/ consolidation etc., and seek a solution within prescribed time.
- Other rights as specified in the applicable laws, from time to time.
