Question

The following are Members in a company:

• A. The subscriber to the memorandum of the company who shall be deemed to have agreed to become member of the company, and on its registration, shall be entered as member in its register of members
• B. No other person who agrees in writing to become a member of the company and whose name is entered in the register of members of the company
• C. Every person holding shares of the company and whose name is entered as a beneficial owner in the records of a depository
• D. Both a) and c) will be members

Answer 1

Answer: (D)

Both a) and c) will be members

Answer 2

A person becomes a member of the company by subscribing to the memorandum or holding shares. The subscriber's name is entered into the register of members, and beneficial owners registered with a depository are also considered members.