WHO CAN BECAME A MEMBER
Any person who is comptent to contract( the Indian contract act, 1872) may became a member of a company. This is subject to the provisions of the memorandum and articles of a company.the articles may provide that certain persons cannot become members of the company.
Any person who is comptent to contract( the Indian contract act, 1872) may became a member of a company. This is subject to the provisions of the memorandum and articles of a company.the articles may provide that certain persons cannot become members of the company.
HOW TO BECAME A MEMBER?
A person may become a member of a company in the following ways
1.members by subscription
The subscribers to the memorandum of association of a company are deemed to have agreed to became its members.neither application nor allotment of shares is necessary.
2.membership by application and registration:
Apart from the subscribers of memorandum, every other person, who agrees in writing to become a member and whose name is entered in the register of members, is a member of the company
1.members by subscription
The subscribers to the memorandum of association of a company are deemed to have agreed to became its members.neither application nor allotment of shares is necessary.
2.membership by application and registration:
Apart from the subscribers of memorandum, every other person, who agrees in writing to become a member and whose name is entered in the register of members, is a member of the company
Registration of the name of a person as member of a company may result from any one of the following ways:
1.by application and allotment.
2.by transfe.
1.by application and allotment.
2.by transfe.
3.by succession.
4.agreement to be in writing.3.membership by beneficial ownership:Every person holding equity share capital of a company and whose name is entered as deemed to be a member of concerned company.
4.membership by qualification shares:Before a person can be appointed a director of a public company, he must take, or sign an under taking to take and pay for the qualification shares.
4.agreement to be in writing.3.membership by beneficial ownership:Every person holding equity share capital of a company and whose name is entered as deemed to be a member of concerned company.
4.membership by qualification shares:Before a person can be appointed a director of a public company, he must take, or sign an under taking to take and pay for the qualification shares.
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