203. Members of company entitled to financial statements, etc. Flashcards
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- Members of company entitled to financial statements, etc.
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General overview
[203.01] Section 203 provides that the financial statements/consolidated financial statements shall be sent to all persons entitled to receive notice of general meetings of the company. Generally, they are the members of the company and the auditor. Members who had sold their shares to a third party whereby the purchase price was to be paid in three instalments over five years, and had lodged the share certificate and transfers with the company, are entitled to notice of the AGM and to attend such meetings. They are not obliged to vote in accordance to the instructions of the purchaser: Musselwhite & Anor v C H Musselwhite & Son Ltd & Ors [1962] 2 WLR 374, Ch D .
