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Question
Select the correct option form the bracket.
| Group A | Group B |
| ___________ | Can hold shares in the name of partners |
Options
Partnership firm
Cannot become a member of a company
Can become member of a company
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Solution
| Group A | Group B |
| Partnership firm | Can hold shares in the name of partners |
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RELATED QUESTIONS
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:
Becoming a member of a 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.
Complete the sentence:
A person whose name is entered in the Register of Members of a company is called __________
Select the correct option form the bracket.
| Group A | Group B |
| Co-operative | ___________ |
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.
A Foreigner can invest in shares of an Indian company.
Justify the following statement.
Insolvent person ceases to be the Member 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.
Answer the following question:
Explain the circumstances when Member is not a shareholder and vice-versa.
