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State whether the following statement is True or False: Buying shares is the most common way to become Member of the company. - Secretarial Practice

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Question

State whether the following statement is True or False:

Buying shares is the most common way to become a Member of the company.

Options

  • True

  • False

MCQ
True or False
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Solution

True

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Members of a Company
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Chapter 5: Members of a company - Exercise Q.1 [Page 74]

APPEARS IN

Balbharati Secretarial Practice [English] 11 Standard Maharashtra State Board
Chapter 5 Members of a company
Exercise Q.1 | Q 4.01 | Page 74

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 _________.


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.


Select the correct answer from the options given below and rewrite the statement:

A member has the right to participate in General Meetings means, he has a right to ________


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.


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:

Karta of HUF can be a member of the company.


State whether the following statement is True or False:

Member of the company is conferred with several rights.


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
Co-operative ___________

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:

Partnership Firm can be a member of a company.


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.

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.


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