Most of the associations and chambers registered under section 8 invite professionals or public to become their members by charging a fixed fees in such case my questions are -
1) Do such members act as shareholders of the company?
2) Do such members have legal obligations with MCA in future?
3) Can these members vote for directors election? or only shareholders may vote?
4) Can such members choose or vote for a leader who will act as catalyst or as representative of member group in any committee of association?
5) Do such members affect while amalgamation with another section 8 or converting into another company?
6) Can company directly cancel membership of such members in case of dispute or breach of regulations?
Looking forward.
Regards,
Nitin
Read more at: https://www.caclubindia.com/forum/how-would-you-define-member-of-section-8-company-and-their-purpose--577975.asp
Read more at: https://www.caclubindia.com/forum/how-would-you-define-member-of-section-8-company-and-their-purpose--577975.asp
Read more at: https://www.caclubindia.com/forum/how-would-you-define-member-of-section-8-company-and-their-purpose--577975.asp
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