Section 36 — Companies Act 1993: Rights and powers attaching to shares

36 Rights and powers attaching to shares (1) Subject to subsection (2) of this section, a share in a company confers on the holder— (a) The right to one vote on a poll at a meeting of the company on any resolution, including any resolution to— (i) Appoint or remove a director or auditor: (ii) Adopt a constitution: (iii) Alter the company's constitution, if it has one: (iv) Approve a major transaction: (v) Approve an amalgamation of the company under section 221 of this Act: (vi) Put the company into liquidation: (b) The right to an equal share in dividends authorised by the board: (c) The right to an equal share in the distribution of the surplus assets of the company. (2) Subject to section 53 of this Act, the rights specified in subsection (1) of this section may be negated, altered, or added to by the constitution of the company or in accordance with the terms on which the share is issued under section 41(b) or section 42 or section 44 or section 107(2) , as the case may be, of this Act. Subsection (2) was amended, as from 1 July 1994, by section 4 Companies Act 1993 Amendment Act 1994 (1994 No 6) by inserting the words “ or section 44, as the case may be, ” . Subsection (2) was amended, as from 30 June 1997, by section 3 Companies Act 1993 Amendment Act 1997 (1997 No 27) by inserting the words “ section 41(b) or ” . Subsection (2) was further amended, as from 3 May 2001, by section 3 Companies Act 1993 Amendment Act 2001 (2001 No 18) by inserting the expression “ or section 107(2) ” .