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According to the Companies Act, which of the following persons is automatically deemed to be a member of a company?
  • a)
    Every person who holds equity shares
  • b)
    Subscribers to the Memorandum of the company
  • c)
    Legal representatives of deceased members
  • d)
    Foreign nationals with RBI permission
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
According to the Companies Act, which of the following persons is auto...
Subscribers to the Memorandum of a company are automatically deemed to be members of the company, even if their names are not yet entered in the Register of Members. However, their names must be entered in the Register upon registration of the company.
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According to the Companies Act, which of the following persons is automatically deemed to be a member of a company?a)Every person who holds equity sharesb)Subscribers to the Memorandum of the companyc)Legal representatives of deceased membersd)Foreign nationals with RBI permissionCorrect answer is option 'B'. Can you explain this answer?
Question Description
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