Advertisements
Advertisements
प्रश्न
Justify the following statement.
Subscribers to Memorandum of Association are the first members of the company.
Advertisements
उत्तर
(1) To subscribe means to signify one‘s assent or approval especially to sign the memorandum of association of a proposed new registered company and thereby become one of the first members of that company. Subscribers to the Memorandum of Association of a company, who are signatories to the Memorandum, are deemed to have agreed to become the members of the company. When the Company is registered their names are entered as the members In the Register of Members. Thus, in this case, neither an application nor the allotment of shares is necessary to become a member.
(2) The subscriber to the memorandum of Association in case of a public company is a minimum of 7 members and 2 in the case of Private Company and 1 in the case of One Person Company (OPC). They are the first members of the company.
APPEARS IN
संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement:
________ is a person whose name is entered in the Register of Members.
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 _________.
Select the correct answer from the options given below and rewrite the statement:
____________ means a person ceases being a member of the company of membership.
Write a word or a term or a phrase which can substitute the following statement:
End of membership of a person.
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:
Members of the company can attend general and Board meetings of the company.
State whether the following statement is True or False:
Karta of HUF can be a member of the company.
State whether the following statement is True or False:
Member of the company is conferred with several rights.
Complete the sentence:
In case of death or insolvency of a member, he will cease to be a __________
Select the correct option form the bracket.
| Group A | Group B |
| Co-operative | ___________ |
Select the correct option form the bracket.
| Group A | Group B |
| ___________ | Can hold shares in the name of partners |
Answer in one sentence:
Which individuals cannot become a member of a company?
Correct the underlined word and rewrite the following sentence:
A Minor can be a member of a company.
Correct the underlined word and rewrite the following sentence:
Partnership Firm can be a member of a company.
Explain the following Term/Concept.
Transmission of Shares
Justify the following statement.
Members of company are entitled to several rights.
Justify the following statement.
Transfer of shares results in termination of membership.
