A ______ can not become a member of a company
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Explanation:
4/72 dated 09.03. 1972, a firm not being a person cannot be registered as a member of the Company. Such firm can be a member of section 8 company. In the case of partners, a firm as such cannot be registered as a member, but the partners in their individual names may be registered as joint holders of the shares.
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A minor can not become a member of a company.
- A minor can not settlement to end up a shareholder of a corporation.
- However, a minor may be talented stocks of a non-public confined corporation via way of means of an adult, consequently making him/her a shareholder of a corporations.
- A minor can come to be a member of a organisation through gift and/or inheritance but he cannot buy shares.
- Furthermore, he is going to keep shares through his mum or dad and his mum or dad will act as a member the least bit places and will guar the interest and control the rights and liabilities of the minor.
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