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CAMA remedies for breach of duties by directors

One of the risks of buying the shares of a company is that the company may fail and close shop, as it has happened even to a lot of big and old companies. While the failure of a company may be due to a combination of factors, a lot of time, they are product of improper behaviour or breach of duties by the directors of the company i.e the people appointed by the shareholders to manage the affairs of the company.

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Conflict resolution in capital market, where to go to

Often times, conflicts arise in the course of buying or selling shares, or even transacting business in the capital market. That of course, should be expected since capital market transaction involves complexities of human nature. It is understandable that no matter what is done to stop some malpractice in the capital market, some people are always loking for opportunities to abuse the system and defraud others especially ignorant investors.

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Buy the shares of good companies

The third principle of profitable investment in shares is to, ‘Invest in Good Companies.’ That is, you should buy the shares of good companies. This automatically means that not all companies, especially those listed on the stock exchange, are good companies in terms of investment. How do you differentiate the good from the bad ones?

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Investors’ rights under CAMA

Right to attend any general meeting of the company; Every shareholder of a company has the right to attend any general meeting declared by the company, according to CAMA. It does not matter the number of unit of shares the person has in the company. A shareholder has the right to query a company for not receiving notice to attend any general meeting.

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Who regulates registrars?

I bought shares in A B C Company’s IPO in 2009 and up till now, I have not received my share certificate from XYZ Registrar. M N Company declared dividend in 2010, two years after, I am yet to get my dividend warrant, and I don’t understand what is happening. I tried to find out from the Registrar and they said it was the problem of mail service; perhaps it got lost on transit.

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Buy shares with safe money

The second principle of profitable investment in shares has to do with the kind of money used for the investment. Last week, we said that the first principle is to invest long term. Now, if you are going into long term investment, you need to use long term money, or safe money, that is money that is yours and which you don’t have need of, for a long time.

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