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Question
Complete the sentence:
In case of death or insolvency of a member, he will cease to be a __________
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Solution
In case of death or insolvency of a member, he will cease to be a Member of a company.
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RELATED QUESTIONS
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 _________.
Match the pairs:
| Group ‘A’ | Group ‘B’ |
| a) Insane person | 1) Transfer of shares by operation of law |
| b) Foreigner | 2) Cannot be a member |
| c) Transmission of shares | 3) Cessation of membership |
| d) Surrender of shares | 4) To get copies of Auditor’s, Directors’ Report, etc. |
| e) Right of Members | 5) Can be a Member |
| 6) To attend a board meeting | |
| 7) Duties of member | |
| 8) Surrendering all assets to the company | |
| 9) Demand or claim money from the company | |
| 10) Transfer of shares by order of Secretary |
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:
Becoming a member of a company.
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:
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:
Minor can be the member 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 is entitled to profits of the company when a dividend is declared.
Select the correct option form the bracket.
| Group A | Group B |
| Co-operative | ___________ |
Correct the underlined word and rewrite the following sentence:
Partnership Firm can be a member of a company.
Explain the following Term/Concept.
Member
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.
