Question

who are the members of a company ? what are the different ways of becoming a member in a company.​

Answer 1

Answer:

A member is one of the company's owners whose name has been entered on the register of members. Members delegate certain powers to the company's directors to run the company on their behalf.

A person may become member in a company by any of the following ways;

1. By subscribing to the memorandum.

2. By application and allotment.

3. By holding equity shares in demat form.

4. By transfer.

5. By transmission of shares.

6. Director agreeing to take up qualification shares.

7. By conduct.