What is the membership in a company

Meaning and definition

the term member referred to a person whose name appears on the register of member of the company section 41 of the Indian Companies Act 1956 define as a member the subscribes of a memorandum of a company shawl be demand to have agreed to become member of the company and on its registration shall be and tell it as member in its register of member every other person who agree in written to become a member of a company who was name in entire in its register of member shall be a member of the company...

who can become a member

any person who is competent to contend america member of the company to provide the indian contract act 1872 the gardener person who can contrast would apply the articles means broward accident for some download become member of the company the membership life of the categories of person are discussed minor under India Lo a minor cannot be a member because a contract with a minor absolutely void...

difference between members and shareholder

the term member and shareholder have been used interchangeable the word shareholders used in relation to a company heavy is share capital and their can be no membership expected thought a medium of shareholding