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Right to attend agm if shares bought 1 day before book closure date

Keval Gandhi (free lancer) (21 Points)

22 September 2018

I would want to raise this query through an example:

If an Individual has bought share on 18 Sep 2018 and shares got credited to demat account on 20 Sep 2018 and the book closure date for AGM is 21 Sep 2018 can that shareholder attend the AGM?

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4 Replies

Sriram Santhanam (156 Points)
Replied 23 September 2018

For a shareholder to attend an AGM, enough if he holds shares as on date of AGM. Book closure, record date, cut off date does not matter at all.

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Meera Cyriac (6 Points)
Replied 25 September 2018

If a shareholder brought the shares during book closure time.Is he eligible to attend the AGM???

Sriram Santhanam (156 Points)
Replied 25 September 2018

As on date of AGM if he holds shares he is eligible to attend AGM. Nothing prevents him from attending AGM even if he had Boughy it on book closure time. For the sake if voting, he should be an eligible share holder as on cutoff date.