When can a person become a member of a company by estoppel?

By signing the Memorandum of Association

By being issued a share warrant

By holding shares and allowing their name to be retained on the register

By receiving an appointment as a director

In the case of a company limited by guarantee, what is the extent of the liability of its members?

Limited to the amount of their share capital

Limited to the amount they undertook to contribute in the event of winding up

Limited to the nominal value of shares they hold

When does a holder of share warrant become a member of the company?

Immediately upon issuance of the share warrant

When they subscribe to the Memorandum of Association

When they transfer their shares

After attending the Annual General Meeting

According to the Companies Act, which of the following persons is automatically deemed to be a member of a company?

Every person who holds equity shares

Subscribers to the Memorandum of the company

Legal representatives of deceased members

Foreign nationals with RBI permission

Which of the following rights are conferred upon members by the Companies Act and cannot be modified by the company's articles?

Right to inspect the company's documents

Right to receive copies of the Balance Sheet

Right to appoint a proxy for the Annual General Meeting

In the case of a company with unlimited liability, what is the extent of a member's liability?

Limited to the amount of their share capital

Limited to the amount they undertook to contribute in the event of winding up

Limited to the nominal value of shares they hold

What is the difference between a member and a shareholder in a company limited by guarantee?

A member must hold shares, while a shareholder need not hold any shares.

A shareholder has a right to transfer shares, while a member does not have such a right.

A member has liability limited to the amount of their shares, while a shareholder's liability is unlimited.

There is no difference between a member and a shareholder in such a company.

How can a person become a member of a company by "Membership by Qualification Shares"?

By subscribing to the Memorandum of Association

By transferring shares from another member

By agreeing to become a director and taking specified shares

By inheriting shares from a deceased family member

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