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Question
State whether the following statement is True or False:
Both, individuals and body corporate can be members of the company.
Options
True
False
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Solution
True
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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 ________
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When a person buys shares of a company by filling up an application form, the person becomes a member by _________.
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____________ 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:
A person whose name is entered in Register of Members.
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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.
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 __________
Complete the sentence:
In case of death or insolvency of a member, he will cease to be a __________
Complete the sentence:
Members have a right to appoint and remove the __________
Select the correct option form the bracket.
| Group A | Group B |
| Minor | ___________ |
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.
Subscribers to Memorandum of Association are the first members of the company.
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.
Answer the following question:
Explain the circumstances when Member is not a shareholder and vice-versa.
