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.
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:
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:
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:
Limited Liability Partnership cannot be 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:
Minor can be the member of the company
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:
Complete the sentence:
A person whose name is entered in the Register of Members of a company is called __________
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 |
| ___________ | Can hold shares in the name of partners |
Correct the underlined word and rewrite the following sentence:
A Minor can be a member of a company.
Justify the following statement.
Member and Shareholder are interchangeable terms.
Justify the following statement.
Nominee of the member of OPC becomes its member of the death of the member.
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.
Answer the following question:
Explain the circumstances when Member is not a shareholder and vice-versa.
