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Shareholders in a private company typically have the right to vote on important company matters, such as electing directors and approving major transactions. They also have the right to receive dividends if declared and to access certain financial information about the company. Additionally, shareholders may have rights outlined in the company's articles of incorporation or operating agreements, which can provide further protections or privileges. In cases of disputes, shareholders may seek legal remedies to protect their interests.
What else can I help you with?
Can company be a shareholder in another company in India?
off-course company can become shareholder of other company , they are the artificial person they could anything as the legal person.
What is doctrine of corporate personality in a company law?
This is simply the doctrine that the directors of a company cannot be personally held liable by the company or shareholder. It distinguishes the company as a 'legal' person that may sue for breach of his or rights.
Identify and explain features of a public company and a private company?
CONTINUITY: the death or retirement of a shareholder will not hamper the operation of the business. LIABILITY: the liability of the shareholder is limited to their investment's. This clause also protects their personal property from being liquidated to cover any debts of the company. The company has it's own legal identity
Can a private limited company purchase agricultural land?
As far as I am aware a private limited company can purchase land. The private limited company has got its own legal entity and as such can enter into the purchasing of land under the name of the limited company. This will mean that the private limited company will own the land and no sinlge member, shareholder or director will have ownership and their names won't be on any legal documents relating to the ownership of the land. I hope this answers your question!
What is the process for a shareholder to exercise their right to inspect books and records of a company?
To exercise their right to inspect books and records of a company, a shareholder typically needs to submit a written request to the company's board of directors or management. The request should specify the documents they want to review and the purpose for the inspection. The company then has a legal obligation to provide access to the requested records within a reasonable timeframe. If the company refuses or delays the request, the shareholder may need to seek legal recourse to enforce their rights.
Can a pvt ltd company a shareholder in another pvt ltd company can they stand as guarantor?
Yes, a private limited company can act as a guarantor for another private limited company. This is typically done by providing a guarantee for loans or other financial obligations. However, the ability to do so may depend on the company's articles of association and any relevant legal provisions. It's advisable for the companies involved to seek legal and financial advice to ensure compliance with applicable regulations.
Who owns the money and property in a jointstock company?
In a joint-stock company, the money and property are owned collectively by its shareholders, who hold shares representing their ownership stake. Each shareholder's ownership is proportional to the number of shares they possess, giving them rights to dividends and a say in company decisions. The company itself is a separate legal entity, meaning it can own property and enter contracts independently of its shareholders.
Is state registration required on private property?
yes in Pakistan you have to get registered every private property for acquiring its full legal rights
What is an example of a separate legal entity?
lee was the controlling shareholder having 2999 shares out of 3000 shares of company and was director of a company formed by him. he was also employed by the company. he was killed in the accidents and his wife claimed compensation from the company. but her claim was successful. it was held that lee and the company had separate legal personalities and compensation was payable to lee as an employee.
Is it legal to call any phone company and ask if my husband has an account with them?
Yes it is legal, but he may have gotten a private number and the phone company cannot give it out.
Can a new company use the website of a company that is now defunct due to bankruptcy?
If they have the legal rights to the site.
What are the benefits of registering a Private Limited Company in India?
Registering a Private Limited Company in India offers several benefits: Limited Liability Protection: The liability of shareholders is limited to the amount of capital they have invested, protecting personal assets from business debts and liabilities. Separate Legal Entity: A Private Limited Company is considered a separate legal entity from its owners, allowing it to own property, incur debt, and enter into contracts in its own name. Ease of Fundraising: Private Limited Companies can raise capital more easily from venture capitalists, angel investors, and financial institutions due to their structured governance and legal compliance. Perpetual Succession: The company continues to exist even if the ownership changes or a shareholder dies, ensuring continuity of business operations. Brand Credibility: A Private Limited Company structure enhances the credibility of the business, making it easier to establish trust with customers, suppliers, and other stakeholders. Tax Benefits: Private Limited Companies may be eligible for various tax benefits and exemptions under Indian tax laws.
