The qualifications and rights available after becoming a shareholder
Qualification:
- Must be 18 years old or above
- Must not be bankrupt
- Must have no criminal conviction or imprisonment in the past 5 years
Rights:
- Nominate directors and propose shareholders’ resolutions
- Receive dividends based on the company’s annual profit
- Have pre-emptive rights to purchase newly issued shares
- Speak and vote at meetings
Summary:
- Shareholders have both responsibilities and rights in the company
- They play an important role in the company’s development and operations