COMPANY LAW -MEMBER & SHAREHOLDER
This query is : Resolved
29 September 2021
Dear Sir ,
I want to ask member and shareholder are the same term . we can use this words interchangeably . Secondly- COmapany can take loan or give loan to outsider .
REgards
I want to ask member and shareholder are the same term . we can use this words interchangeably . Secondly- COmapany can take loan or give loan to outsider .
REgards
29 September 2021
Member:
A member is a person who subscribed the memorandum of the company[at the time of incorporation and thereafter by subscribing equity shares].
The term member is defined under section 2 (55) of the Companies Act, 2013.
The bearer of a share warrant is not a member.
All shareholders whose name are entered in the register of members are the members.
In the case of a public company, there must be a minimum of 7 members. There is no such cap on the maximum number of members. Similarly, a private company can have a minimum of 2 and maximum of 200 members.
Shareholder:
A shareholder is a person who owns the shares of the company.
The bearer of a share warrant is can be a shareholder.
all members may not be the shareholders.
A member is a person who subscribed the memorandum of the company[at the time of incorporation and thereafter by subscribing equity shares].
The term member is defined under section 2 (55) of the Companies Act, 2013.
The bearer of a share warrant is not a member.
All shareholders whose name are entered in the register of members are the members.
In the case of a public company, there must be a minimum of 7 members. There is no such cap on the maximum number of members. Similarly, a private company can have a minimum of 2 and maximum of 200 members.
Shareholder:
A shareholder is a person who owns the shares of the company.
The bearer of a share warrant is can be a shareholder.
all members may not be the shareholders.
29 September 2021
Sir, Share holder cannot become a member unless their name is entered in the register of member . but one can become member without acquiring the shares of pvt ltd co.
29 September 2021
Agreed ... I didn't say any thing contrary to that..
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