Shareholder’s Agreement

What is a Shareholder’s Agreement?

A shareholders’ agreement is a contract between the shareholders of a company and the company A shareholders’ agreement mentions the shareholders’ rights and obligations, regulates the ownership of shares, privileges, the management of the company, voting and various other insulative provisions for shareholders. It is a known fact that the Articles of Association (AoA) act as the Constitution for a company and thus they are mandatory and standard in nature.

The shareholder agreement mentions the role of the board of directors in the company. It also states that the decisions of the board should be approved by the majority.

Some of the shareholders’ rights are –

1. Right to call for a General Meeting. 2. Right to vote. 3. Right to appoint directors. 4. Right to appoint the company auditor 5. Right to inspect the registers and books of the company.

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