Company law
Querist : Anonymous
persons who are in the employment of the company, and
(ii) persons who, having been formerly in the employment of the company, were members of the company while in that employment and have continued to be members after the employment ceased;
hence the employees can be member but they will not be counted for the purpose of counting no.
Querist : Anonymous
An employee can be an employee as well as member of the company.
for example :- company gives ESOP for motivating employees to reward their contributions.
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