haya.Learning made clear
Shareholders, meetings and resolutions sheet
Structured-answer frame

State the rights of a shareholder and explain the types of resolutions.

How to lay out the answer. Follow the frame, then write it in your own words.

  1. 1 · Define a shareholder. An owner of shares; becomes one by subscription, allotment, transfer or transmission.
  2. 2 · Rights.
    • Vote; dividend when authorised; information.
    • Attend meetings; transfer shares; surplus on winding up; court remedies.
  3. 3 · Resolutions. Ordinary: simple majority (directors, auditors). Special: 75% (articles, major transaction, voluntary winding up).
  4. 4 · Meetings. AGM once each calendar year; EGM for other business.
  5. 5 · In Sri Lankan business. A Hayleys PLC AGM: annual report, directors, auditors.

Scoring tip: Put the two resolutions in a small table: majority and typical use.