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Question
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 _________.
Options
Application and allotment of shares
Subscribing to Memorandum
transmission of Shares
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Solution
When a person buys shares of a company by filling up an application form, the person becomes a member by Application and allotment of shares.
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RELATED QUESTIONS
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.
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A person can be called as a Member when the name is entered in ________
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Book in which names of all members are entered.
State whether the following statement is True or False:
Member of the company is conferred with several rights.
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Find the odd one:
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 |
| Minor | ___________ |
Select the correct option form the bracket.
| Group A | Group B |
| Co-operative | ___________ |
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.
Explain the following Term/Concept.
Transmission of Shares
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A Foreigner can invest in shares of an Indian company.
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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 the company have some fundamental corporate decision-making rights.
Justify the following statement.
Transfer of shares results in termination of membership.
Answer the following question:
Explain the circumstances when Member is not a shareholder and vice-versa.
