Rights and Obligations of Shareholders Clause Samples
The 'Rights and Obligations of Shareholders' clause defines the specific entitlements and responsibilities that shareholders have within a company. It typically outlines matters such as voting rights, dividend entitlements, access to company information, and obligations to comply with company bylaws or contribute capital when required. By clearly delineating what shareholders can expect and what is expected of them, this clause helps prevent disputes and ensures smooth governance by setting out the framework for shareholder participation and accountability.
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Rights and Obligations of Shareholders. 5.1 Each ordinary share gives the Shareholder 1 (one) vote at the General Meeting on all issues within the General Meeting’s competence.
5.2 The Shareholders holding ordinary shares have the following rights:
(a) to participate in, and vote at, the General Meeting on all issues within its competence;
(b) to receive declared dividends and in the event of the Company’s liquidation, the property remaining after the satisfaction of creditors’ claims;
(c) to have access to documents of the Company as provided by the Law;
(d) insofar as the Shareholder owns more than 1% of the Company’s voting shares, to obtain information from the Company’s shareholders register on the names of other registered Shareholders and the number of shares owned by them; and
(e) other rights as set out in the Legislation and this Charter.
5.3 No Shareholder has the right to give mandatory instructions to the Company.
5.4 The Shareholders shall not be liable for the Company’s obligations and shall bear losses relating to the Company’s activities only to the extent of the value of the Company’s shares belonging to them.
5.5 The Shareholders are obliged to (i) make their respective charter capital contributions in the established procedure; (ii) co-operate with the Company to implement its objectives; and (iii) keep confidential commercial information that they receive from the Company or other Shareholders.
Rights and Obligations of Shareholders. Upon signing this Agreement, Party A shall cease to enjoy any shareholder rights and shall no longer bear any shareholder obligations with respect to the transferred equity interests. Upon signing this Agreement, Party B shall enjoy all shareholder rights and perform all shareholder obligations. Party A shall cooperate as necessary, including signing related documents on behalf of Party A if required.
Rights and Obligations of Shareholders. 20 SECTION 5.1 Shareholders.................................................20
Rights and Obligations of Shareholders including the Bearing of the Company’s Profits and Losses (Including Creditor’s Rights and Debts)
1. As of the effective date of this Agreement, Party B shall actually exercise the rights as a shareholder of the Company and fulfill the corresponding shareholder obligations. When necessary, Party A shall assist Party B in exercising shareholder rights and fulfilling shareholder obligations, including signing relevant documents in the name of Party A.
2. As of the effective date of this Agreement, Party B shall, in accordance with the proportion of equity it holds, lawfully share profits and bear risks as well as losses.
Rights and Obligations of Shareholders. 7.1 From the date of signing the Agreement, Party A will no longer have the rights of a shareholder to the target company and will no longer perform the obligations of a shareholder.
7.2 From the date of signing the agreement, Party B shall be entitled to the rights and obligations of the shareholders of the target company. If necessary, Party A shall assist Party B in exercising the rights of a shareholder and fulfilling the obligations of a shareholder, including signing relevant documents in the name of Party A.
Rights and Obligations of Shareholders. 1. Rights of shareholders
A) attending shareholders meetings;
Rights and Obligations of Shareholders. 1. Rights of Shareholders
a) Dividend;
b) Vote;
c) Appoint director and supervisor;
d) Right to information and inquiry;
e) Annual audit f) Increase capital;
Rights and Obligations of Shareholders. The shareholders have the following rights:
Rights and Obligations of Shareholders. 5.1 All the rights and obligations of shareholders attached to the 51% Sale Interests in Shanghai Huaqing shall be transferred to the Purchaser since the execution date of this Agreement.
5.2 All the rights and liabilities of Shanghai Huaqing shall be assumed by Shanghai Huaqing after the Purchaser executes this Agreement since the execution date.
5.3 All the assets of Shanghai Huaqing will be taken by Shanghai Huaqing after the Purchaser executes this Agreement since the execution date.
Rights and Obligations of Shareholders. Each shareholder of the Company shall have the following rights and obligations to:
8.1 Participate in the General and Extraordinary Meetings of the Shareholders and vote therein or any resolution in proportion to the number of paid-up shares held;
8.2 The right to share in the annual net profit in accordance with the Option and Joint Venture Shareholders Agreement of *** 2017, and its amendments thereto;
8.3 The right to a share in the net proceeds upon the winding up of the Company in proportion to his/its shareholdings;
8.4 The right to participate in the management of the Company, in particular to take part in the General Meeting, to vote, elect and be elected as member of the Board of Directors, receive copies of the financial statements of the Company, seek explanation and submit proposals subject to the terms of the Option and Joint Venture Shareholders Agreement of *** 2017 and its amendments thereto;
8.5 The obligation to abide by the provision of the Ethiopian Law, the Memorandum and Articles of Association of the Company, the Option and Joint Venture Shareholders Agreement as well as the resolutions adopted by the Ordinary and Extraordinary General Meetings.