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Mode of acquiring membership

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prakash kumar

prakash kumar (Querist)
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18 February 2012 mode of acquiring membership of a company by estoppel.

Ajay Mishra

Ajay Mishra (Expert)
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18 February 2012 Hi

Member By Acquiescence or Estoppel

A person is deemed to be a member of a company, if he allow his name, without sufficient cause, to be on the register of members of a company or otherwise hols himself out or allows himself to be held out as a member. In such a csae, he is estopped from denying his membership. He can, however, escape his liability by taking prompt action for having his name removed from the register of members on promissible grounds.

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