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प्रश्न
Justify the following statement.
Members of the company have some fundamental corporate decision-making rights.
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उत्तर
(1) The members of a company have exclusive rights and power to make fundamental corporate decisions on the issues (matters) such as alterations (change) of registered office clause of the Memorandum of Association, increase in the authorised capital if it needs more fund for modernisation or development, change of the object of the company by passing an appropriate resolution in the general meeting of the company.
(2) In this respect, the members of the company have the power to amend Articles of Association, acquisitions, mergers, and takeovers by the company, appointing a sole-selling agent and Winding-up of the company by passing appropriate resolutions in the general meetings of the company
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement:
A _______ cannot be a member of a company.
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:
End of membership of a person.
Write a word or a term or a phrase which can substitute the following statement:
Becoming a member of a 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:
Legal competency to enter into contracts is one of the criteria to become a member of the company.
State whether the following statement is True or False:
Member of the company is conferred with several rights.
State whether the following statement is True or False:
Member is entitled to profits of the company when a dividend is declared.
Find the odd one:
Find the odd one:
Complete the sentence:
In case of death or insolvency of a member, he will cease to be a __________
Correct the underlined word and rewrite the following sentence:
Partnership Firm can be a member of a company.
Explain the following Term/Concept.
Member
Justify the following statement.
Member and Shareholder are interchangeable terms.
Justify the following statement.
A Foreigner can invest in shares of an Indian 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.
