Question
Which of the following statements are incorrect ? A shareholder of a company will have... i) a right to receive dividends every financial year, provided
Which of the following statements are incorrect?
A shareholder of a company will have...
i) a right to receive dividends every financial year, provided that the company made a profit.
ii) a right to vote at general meetings of the company.
iii) a general right to participate in a distribution of capital, in case of winding up of a solvent company.
iv) a right to convene a general meeting of members.
v) a right to be notified of a general meeting of members.
vi) a right to inspect the register of members at no charge.
vii) an obligation to comply with the company's constitution, if any.
viii) an obligation not to sell shares to outsiders, unless the shares were made available to existing shareholders first.
ix) proportionate ownership of company assets.
Select one:
a. (i), (iv), (viii) and (ix).
b. (i), (vi) and (viii).
c. (iii) and (viii).
d. None of the statements are incorrect (ie all of them are correct).
e. (viii) and (ix).
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