Any member can attend your AGM.
Who is entitled to attend an AGM?
Attendance and speaking by directors and non-shareholders
(1) Directors may attend and speak at general meetings, whether or not they are shareholders. (b) otherwise entitled to exercise the rights of shareholders in relation to general meetings, to attend and speak at a general meeting.
Can preference shareholders attend the AGM?
Accordingly, preference shareholders are entitled to receive Notices of, and to attend, General Meetings, even if they are not entitled to participate in the discussion or vote on any Resolution placed before the Meeting.
What are the rights available to preference shareholders?
Preference shareholders receive dividend payments before common shareholders. Preference shareholders do not enjoy voting rights like their common shareholder counterparts do. Companies incur higher issuing costs with preferred shares than they do when issuing debt.
Can non shareholders attend AGM?
Any member can attend your AGM. That sounds simple, but there are almost always difficulties, due largely to poor drafting of constitutional provisions to do with membership terms.
What happens if AGM is not held?
Consequences and Penalty for Default in Holding an AGM
If the company further defaults in holding a meeting in accordance with the directions of the Tribunal, the company and every officer of the company who commit the default shall be punishable with a fine of up to Rs 1 lakh.
What is the difference between an AGM and a general meeting?
An Annual General Meeting (AGM) is the meeting which should be organised by the company in each calendar year, to discuss various business matters. On the other extreme, an Extraordinary General Meeting (EGM) is any meeting other than the AGM in which business concerning company’s management are discussed.
What is the purpose of issuing redeemable preference shares?
Issuing redeemable preferential shares provides the company with an option to choose between whether to repurchase shares or redeem shares depending on the market condition. The company redeems shares when it decides to pay back the shareholders. It is a way of paying the shareholders similar to paying dividends.
Can preference shares have voting rights?
Generally, shares which rank ahead of other shares either as to dividends or capital or both, but which carry limited voting rights.
Is it compulsory to pay dividend to preference shareholders?
No it is not compulsory to pay any dividend to Preference shareholders in case, there is Profit but company does not want to pay any dividend. But if company wishes to pay dividend to Equity shareholders it can do so only after paying dividend to Preference shareholders. … Equity shareholders are owners of the Company.
Which is not right available to preference shareholders?
Like equity shares, preference shareholders are also partial owners of a company. However, they are not entitled to voting rights and hence do not really possess the power to control or influence company-oriented decisions.
Is rights issue available to preference shareholders?
The right provided under the rights issue of shares is a statutory right to the shareholders to subscribe new share in the company in proportion to their existing holding. … Subscribed capital includes equity and preference share capital. Hence this section also applies to issue of the preference shares.