Can a shareholder request financials?

Access to financial reports A second option for obtaining information is for a shareholder to request a financial and directors’ report pursuant to section 293 of the Act. This right to information is also limited to small proprietary companies.

Do shareholders have the right to inspect accounts in Hong Hong?

Shareholders have limited rights to inspect company documents. The shareholders are entitled to receive the directors’ report, the auditor’s report and the company’s annual financial statements (see Question 27).

What are the rights of shareholders company?

They have various rights which include the appointment of the company’s director, auditor, to voting rights and having a say when the company goes insolvent, right to access financial records, right to sue for wrongful acts, right to vote, right to attend the AGM, and right to transfer ownership.

How can I check shareholder of Hong Kong?

at the Companies Registry’s Cyber Search Centre at www.icris.cr.gov.hk; or. via Company Search Mobile Service at www.mobile-cr.gov.hk; or. onsite at the Companies Registry’s Public Search Centre on the 13th floor of the Queensway Government Offices, 66 Queensway, Hong Kong.

Do shareholders have a right to see company accounts?

Companies are required to send a copy of its annual accounts and reports for each financial year to every shareholder of the company. Shareholders are not however entitled to receive or inspect copies of general a company’s financial records.

Who can access financial records?

Under section 290 of the Corporations Act a director of a company has a right of access to the “financial records” of the company at all reasonable times. Under section 247A of the Corporations Act a member can apply to the Court to access the books of the company. The books include financial records.

Do shareholders have voting rights?

One of your key rights as a shareholder is the right to vote your shares in corporate elections. Shareholder voting rights give you the power to elect directors at annual or special meetings and make your views known to company management and directors on significant issues that may affect the value of your shares.

How does the law regulate shareholder rights?

Generally, as a shareholder, you have the right to access financial records, right to sue for wrongful acts, right to vote, right to attend the AGM, and right to transfer ownership. However, these rights may vary depending on the company’s shareholder agreement and company constitution.

Can shareholders be held liable?

Generally, shareholders are not personally liable for the debts of the corporation. However, shareholders may also be held liable if a creditor can prove corporate formalities weren’t followed, shareholders commingled personal, and business funds or the corporation was just a shell designed to shield liability.

How Can Be protect the right of the shareholders of the company?

Among the specific rights that should be guaranteed equally to all shareholders are: the right to receive dividends; preemptive rights to purchase additionally placed shares; the right to obtain adequate information on a company’s activities; the right to participate in the general shareholders meeting, including …

Where can I find company shareholders?

You can search the public company record online on Companies House Service by: Visiting https://beta.companieshouse.gov.uk. Entering the company name, company registration number, or officer name in the search box.

How do you find the shareholders of a private company?

There is another simple way to view the list of shareholders of the company in the MCA website, which is as follows: Visit the site : www.mca.gov.in and click on the icon ‘MCA 21’ Login by clicking the login option on right side of the page.

How are shareholders entitled to access to company accounts?

The shareholder sought the court’s assistance to gain access to the company’s accounts. It did so on three grounds: Clause 6 of the Shareholder Agreement gave the shareholder a right of access to the books and set out the procedure required.

What can shareholders ask a company to share?

Some specific items that shareholders can ask a company to share include: 1 Lists of shareholders and the company’s stock ledger 2 Operational documents such as meeting minutes and records of shares being transferred 3 The financial statements classified as books and records of account

Where is the financial statement mailed to shareholders?

All basic financial records are included in the books and records of account category. One statement that does not require a purpose is the annual financial statement. This document must be mailed to the shareholders’ homes.

How to get corporate financial records as a shareholder?

A shareholder or group of shareholders that own at least five percent of the outstanding shares of any class of corporate stock also have additional rights to get corporate financial records as a shareholder.