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Question
Write a word or a term or a phrase which can substitute the following statement:
Becoming a member of a company.
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Solution
Acquisition of Membership
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RELATED QUESTIONS
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.
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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:
The subscribers of this document are considered as Members of the company.
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Buying shares is the most common way to become a Member of the company.
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Both, individuals and body corporate can be members of the company.
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Legal competency to enter into contracts is one of the criteria to become a member of the company.
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Limited Liability Partnership cannot be a member of the company
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Members of the company can attend general and Board meetings of the company.
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Member of the company is conferred with several rights.
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Member is entitled to profits of the company when a dividend is declared.
Select the correct option form the bracket.
| Group A | Group B |
| Minor | ___________ |
Explain the following Term/Concept.
Transmission of Shares
Justify the following statement.
Member and Shareholder are interchangeable terms.
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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.
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Nominee of the member of OPC becomes its member of the death of the member.
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Members of the company have some fundamental corporate decision-making rights.
Answer the following question:
Explain the circumstances when Member is not a shareholder and vice-versa.
