Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Member of the company

Malobika Ghosh (112 Points)

07 September 2019

can member be creditor of the company ?

Reply
Follow
Share

2 Replies

Vibha Trivedi (437 Points)
Replied 08 September 2019

Yes, a member can be creditor

Chirag (Professional) (1979 Points)
Replied 14 September 2019

Any one who has subscribed shares of the company and whose name entered in the Registers of Members ( In MGT-1) or In records of Beneficiary owner as maintained by company or first subscriber to MOA shall be considered as member ( Shares = Equity + Preferred Shares)

Your question is not clear,but as what I understand you would like to ask , Whether creditor can apply for or acquire shares with another person ( Yes, He can acquire)