Explain the circumstances when the member is not a shareholder and vice versa
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Following are the condition:
Explanation:
- A person can become a holder through share transfer but can only become a member after the person is entered in the register of members.
- Similarly, a transferor can continue to become a member but lacks shareholding.
- He cannot be a shareholder until entries are registered in the company's books regarding the transfer.
Learn more about Shareholder here:
What is shareholder detail meaning
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