Introduction: -Company membership can be obtained in a variety of ways. Every person who owns the company's shares, whose name is registered in the name of the member, is considered a member. Different ways to get the company membership are as follows.
- By signature of the application: - The person signing the Client application form automatically becomes a member by getting the certificate of registration.
• Being a member of the company is a prerequisite for the written consent of the member and the name of the person's name.
• However, this condition does not apply to the signatories of the establishment clause.
- By Share Allotment: - The public invites public for the public by the company's advertising papers.
• Under whose jurisdiction individuals apply to buy shares.
• When the applicant's share application is approved, its name is registered in the nomination form.
• As a result they become a member.
- By Share Transfer: - When a shareholder sells his or her share to another person, the person buying the share follows the share-transfer rule. Such shares may be subject to the provisions of the replacement company's company and the company's regulatory order.
- By Share Transmission: - When a shareholder dies or a volatile brain is declared, a compulsory replacement is required by legal process. In such circumstances, its heir or legal representative becomes a member. As a result, his name receives membership in the name of the member. The authority has to submit.
- By Shares acquired for Consideration other than cash: - Until the company comes into existence and starts pursuing business, it is necessary to take the service of many experts. Such service providers are given a full paid company to pay their service or worker's remuneration. As a result, the name of that person is registered in the name of the member and gets a member position.
- By Estoppel or Holding out: - When a member sells his shares to others, his membership ends.
• Let the name continue in the company's membership sheet.
• Appear as a member himself.
• Uses the right to be a member by conducting consciences, and as a consequence the responsibility of the member arises when it is not currently considered to be a member, it is not considered valid.
- Because, according to law, it does not have the right to be a member. But responsibility becomes a member.
- By Execution of Form of Renunciation: - Uses the resignation when the shareholder goes to the right of others to buy the right shares to buy shares of the right or part of the rights.
- The name of the person named on the basis of the declaration becomes a shareholder and requests the company to register the name of the nominee.
- Membership is received when the company registers it in the name of the member.
- By the convertible debenture holder: - When the debenture holder has a convertible debenture and converts into debenture equity shares at a specified point, he becomes a member by assuming debenture holder equity.
- His name is entered in the member sheet.
- Swat Equity Share: - Swat equity shares are the shares that the company allocates its managers, employees, and employees with special knowledge, or those non-cash substitutes. Membership of this type of shareholder can be obtained by registering in the name of the member.
- Conclusion: -Thus, the company's membership can be obtained from above. By which name can be obtained in the company's public letters and become a member of the company legally.