List the Rights to Ordinary Shareholders of a company

• They have a right to vote. This right is given to them by the company’s Act. They are also
entitled to vote by Proxy in absentia
• They have a right to inspect corporate books e.g. Articles of association, Memorandum of
Association and books of accounts.
• They have a right to sell their shares to other parties i.e. to transfer their ownership in shares of a company.
• They have a right to share in residual assets of the company during the company’s liquidation.
• They have a right to approve the purchase of capital assets.
• They have a right to amend the charters and by laws of the company (Articles and Memorandum
of Association)
• They have a right to approve the sale of the company’s assets.
• They have a right to approve mergers, acquisitions and take-over’s.
• They have a right to appoint directors.
• They have a right to appoint/remove auditors of the company who will oversee the company’s
affairs.

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NatalieR answered the question on February 9, 2022 at 07:41