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To transfer the shares. |
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To receive the share certificates
upon transfer within the stipulated period prescribed in the Listing
Agreement. |
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To receive notice of general meetings,
annual report, the balance sheet and profit and loss account and the
auditors' report. |
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To appoint proxy to attend and vote
at the general meetings. In case the member is a body corporate, to
appoint a representative to attend and vote at the general meetings
of the company on its behalf. |
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To attend and speak in person, at
general meetings. Proxy cannot vote on show of hands but can vote
on a poll. |
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To vote at the general meeting on
show of hands wherein every shareholder has one vote. In case of vote
on poll, the number of votes of a shareholder is proportionate to
the number of equity shares held by him. |
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As per Banking Regulation Act, 1949,
the voting rights on a poll of a shareholder of a banking company
are capped at 10% of the total voting rights of all the shareholders
of the banking company. |
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To demand poll alongwith other shareholder(s)
who collectively hold 5,000 shares or are not less than 1/10th of
the total voting power in respect of any resolution. |
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To requisition an extraordinary general
meeting of any company by shareholders who collectively hold not less
then 1/10th of the total paid-up capital of the company. |
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To move amendments to resolutions
proposed at meetings . |
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To receive dividend and other corporate
benefits like rights, bonus shares etc. as and when declared / announced. |
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To inspect various registers of the
company . |
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To inspect the minute books of general
meetings and to receive copies thereof after complying with the procedure
prescribed in the Companies Act, 1956. |
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To appoint or remove director(s) and
auditor(s) and thus participate in the management through them. |
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To proceed against the company by
way of civil or criminal proceedings. |
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To apply for the winding-up of the
company. |
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To receive the residual proceeds upon
winding up of a company. |
The rights mentioned above are prescribed in the Companies Act, 1956
and Banking Regulation Act, 1949, whereever applicable, and should be
followed only after careful reading of the relevant sections. These rights
are not necessarily absolute.
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