SPCC 3 Marks Each

When the name of a person holding shares of a company, is entered in the Register of Member, becomes a member of the company.

When one or more shares are jointly held by a person along with one or more persons of a company, he is called a joint shareholder.

A person holding shares of a company is known as shareholder. The person whose name is registered in the Register of Members of a company is known as a member of the company.

The person who owns all his shares while others may have his name in the person's membership sheet, but does not have a share, despite being a member of the company, makes a false mockery and is also responsible as a member when using the rights as a member.

• Although he is not a member of a legal entity, he becomes responsible as a member of the company when he or she acts as a member's rights.

By share transfer: - When a shareholder sells his or her share to another person, the person buying the shares receives the membership of the company by following the share-transfer procedure.

• Such shares may be subject to replacement provisions of the company and the company's regulatory order.
• By Legal Retrieval: - When a shareholder dies or a volatile brain is declared, compulsory replacement is required by the legal process.
• In such circumstances, he or she becomes a legal representative member.
• As a result, its name receives membership in the membership form.
• The company has to submit its official letter of transfer to the legal process.

When a company comes out of the stock, the buyer's person is two or more and if the company buys the company's shares in the joint name, their combined name is written in the company's membership sheet.

• Personally and jointly, responsibilities arise, whose names are mentioned in the company's member sheet.
• In the name of the person who is jointly nominating the name of the person in the name of the person, the company sends the correspondence and notice, the dividend warrant, the circular, the document.
• Thus, joint shareholders are jointly responsible for the company.

When a company merges with another company or two companies merge to form a new company, the company that loses its existence comes to an end. Which closes the company by that name. The end of the company is considered by law. Thus, the members of the non-existent company end their membership.

The company invites the public to fill up the shares through advertisement. In pursuance of such public invitation, the person applies for the purchase of shares. When such share application is approved, the name of the applicant is recorded in the membership form. As a result, he becomes a member of the company and acquires membership.

When a debenture holder himself is a convertible debenture and converts to debenture equity at a fixed term, the debenture holder becomes a member by holding equity shares and his name is entered in the membership card.

Point of Difference	Member	Share Holder
Meaning	The name of the person who is registered with the written consent or by the share application has been registered in the Member's Roll is considered a member of the company.	The person who shares the company's share is called the shareholder of the company.
Signature	The person who signed the application form in the application form is counted as membership.	The shareholder's signature is not required in the company's application letter.
Transmission of share	It is considered a member when a legitimate representative registers his name through the name of the transfer of shares.	It is a shareholder when a legitimate representative receives a share of shares through legal acquisition.