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Membership without shareholding

Eswar kollipara (student) (28 Points)

28 March 2020

what is the role of a member without holding shares?what kind of benefits can he get?

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2 Replies

Anjali lakra (473 Points)
Replied 02 April 2020

How can he become member without holding or subscribing shares? Kindly explain

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Eswar kollipara (student) (28 Points)
Replied 03 April 2020

1.on transfer of shares until the shares are registered in the name of tansferee,the transferor continues to be the member but not the shareholder.
2.on death of member he will cease to be the shareholder but until shares are registered in the name of legal representative his name will continue to be in the members register.
3.on becoming insolvent he ceases to be the shareholder since shares are transferred to official receiver but he'll continue to be member of company.
and some other cases...