VOTING RIGHTS OF SHAREHOLDERS - Provenience | Provenience - 0 views
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provenience on 03 Nov 21Whenever an investor buys shares in the company he is entitled to certain rights. One such significant right is the right to vote on definite corporate matters. The voting right will be in the percentage of his shares in the paid-up equity share capital of the company. Therefore, if a shareholder owns 51% of the company's stake, he will have the right to exercise majority control over the company. Section 47 of the Company's Act 2013 bestows voting rights to the shareholders. This right incorporates the election of directors, recommendations for essential changes influencing the company.