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Shareholders

Shareholders

Every company must have at least 1 shareholder and at least 1 share.

Shareholders are investors in the company, but they are not responsible for the day-to-day management of a company’s business or its affairs.

They have the right to vote at meetings of shareholders on some decisions about how the company is run including:

  • changes made to a company’s constitution
  • approving major transactions, and
  • authorizing dividends.

The number of shares each shareholder owns determines the level of voting control they have.

A kind reminder: depositing P500 into the CIPA Bank Account or paying P500 at CIPA offices is only one half of the annual return process. You must also file the annual return online before the deadline to avoid removal from the register. Email info@cipa.co.bw for assistance.
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