This form is a due diligence questionnaire that pertains to the preparation and filing of the Registration Statement. It is necessary that the company be supplied with answers to the questions in this questionnaire from the holders of at least 5 percent of the outstanding securities of the company in business transactions.
Montana Comprehensive Questionnaire for Shareholders Including Officers and Directors Holding at Least Five Percent
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How to fill out Montana Comprehensive Questionnaire For Shareholders Including Officers And Directors Holding At Least Five Percent?
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Under current Section 312.03(b), shareholder approval is required when a company sells shares to a related party if the amount to be issued exceeds 1% of the number of shares or voting power outstanding before issuance.
Section 149(1) of the Companies Act, 2013 requires that every company shall have a minimum of 3 directors in the case of a public company, two directors in the case of a private company, and one director in the case of a One Person company.
A private limited company can have a minimum of 1 director. A private limited company can have a minimum of 1 shareholder and a maximum of 50 shareholders.
A minimum of one share must be issued upon incorporating. Additionally, if you plan on having more than one shareholder, then you must issue at least one share per shareholder. You can't divide a whole share into parts (i.e. 1 share split 50% each to two different shareholders).
Directors or trustees shall not participate in the determination of their own per diems or compensation. Corporations vested with public interest shall submit their shareholders and the Commission, an annual report of the total compensation of each of their directors or trustees.
A company can have just one shareholder or many shareholders. Each one is entitled to receive a portion of profits in relation to the number and value of their shares. Shareholders are commonly referred to as 'members'.
Shareholders and directors have two completely different roles in a company. The shareholders (also called members) own the company by owning its shares and the directors manage it. Unless the articles say so (and most do not) a director does not need to be a shareholder and a shareholder has no right to be a director.
Shareholders are not asked to approve the accounts - they are merely provided with a copy - although they can ask questions on matters in the accounts. There may be additional matters that require a vote and the notice calling the meeting should tell you this.
In a private company, the transfer of shares is restricted, and the number of shareholders may range from a minimum of one to maximum of fifty. Public limited liability companies must have a minimum of one to maximum of unlimited shareholders.
Transactions with directorsShareholder approval is also required where a company is proposing to give a guarantee or provide security in connection with a loan made by any person to such a director.
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