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6 Cards in this Set
- Front
- Back
- 3rd side (hint)
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What are the three types of shareholder meetings? |
Annual meetings Special meetings Court-ordered meetings |
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Explain an annual shareholder meeting |
The company is required to hold a shareholders meeting once each calendar year, except within the first year of registration. |
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Explain a special shareholder meeting |
Special meetings are called when necessary to vote on the specific issues that require shareholder approval. For example if the board of directors wanted to change the company’s constitution this would require a special meeting of shareholders |
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Explain court-ordered meetings |
Section 123 of the Companies Act 1993 gives the court the power to call a meeting over shareholders. A director, shareholder or creditor of the company can apply for a court-ordered meeting. Before calling the meeting, the court must be satisfied that it is impracticable to call or conduct a meeting of shareholders and that it is in the interests of the company that a meeting is held. |
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How many votes does each shareholder get? |
Shareholders are given one vote per share that they hold. |
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Identify four rights of shareholders |
Voting in any resolution unless the constitution provides otherwise. Attending the annual general meeting. Viewing the annual report and the interests register. Making requests for information in writing to the company. |
VAVR |
