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प्रश्न
Explain the following Term/Concept.
Member
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उत्तर
(1) A person who is a subscriber to the Memorandum of Association of a company and whose name is entered in the Register of Members of a company is called a member of the company. The term ‘member’ also includes equity shareholders whose name is entered as a beneficial owner in the records maintained by Depository.
(2) A person becomes a member of the company when he agrees in writing to purchase shares of the company and his name is entered in the Register of Members of the company. Any entity i.e. person and organisation competent to enter into or make contracts can become a member of the company. The most common and easiest way to become a member of a company is to buy the shares of a company.
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement:
A person can be called as a Member when the name is entered in ________
Select the correct answer from the options given below and rewrite the statement:
When a person buys shares of a company by filling up an application form, the person becomes a member by _________.
Write a word or a term or a phrase which can substitute the following statement:
Book in which names of all members are entered.
Write a word or a term or a phrase which can substitute the following statement:
The subscribers of this document are considered as Members of the company.
State whether the following statement is True or False:
Buying shares is the most common way to become a Member of the company.
State whether the following statement is True or False:
Both, individuals and body corporate can be members of the company.
State whether the following statement is True or False:
Members of the company can attend general and Board meetings of the company.
State whether the following statement is True or False:
Minor can be the member of the company
State whether the following statement is True or False:
Member of the company is conferred with several rights.
Find the odd one:
Select the correct option form the bracket.
| Group A | Group B |
| Minor | ___________ |
Answer in one sentence:
Which individuals cannot become a member of a company?
Answer in one sentence:
What is the common way of becoming a member of a company?
Explain the following Term/Concept.
Transmission of Shares
Justify the following statement.
Insolvent person ceases to be the Member of the company.
Justify the following statement.
Subscribers to Memorandum of Association are the first members of the company.
Justify the following statement.
Members of company are entitled to several rights.
Justify the following statement.
Members of the company have some fundamental corporate decision-making rights.
Justify the following statement.
Transfer of shares results in termination of membership.
