Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Please help its urgent!!!!!!!!!!!!

Vatsalya Bhardwaj (Final Student) (427 Points)

10 February 2010

whether the director who is not the shareholder of the company, is a member of the company??????

Reply
Follow
Share

38 Replies

CA. Shubham Anand (Founder - Shubham Anand & Co Chartered Accountant) (73 Points)
Replied 10 February 2010

No man only a Director who is holding a qualification shares if required will be Shareholder of that company otherwise not.

Upgrade to CAclubindia Pro. Subscribe Now!

Vatsalya Bhardwaj (Final Student) (427 Points)
Replied 10 February 2010

thanx but i am not a man plz

CA Ankit Totla (Practicing Chartered Accountant) (469 Points)
Replied 10 February 2010

member = owner = shareholder... so a director not holding any shares in the company is not a member... juss a representative of the members of the co...!

Vatsalya Bhardwaj (Final Student) (427 Points)
Replied 10 February 2010

THANX

CA Sudhir Maheshwari (CA) (270 Points)
Replied 10 February 2010

agree wid ankit..

Upgrade to CAclubindia Pro. Subscribe Now!

Vatsalya Bhardwaj (Final Student) (427 Points)
Replied 10 February 2010

Problem is resolved thanx

Christo Roby M (PCC Student) (69 Points)
Replied 10 February 2010

i have a different view if a director signed in the AOA/MOA or subscribing to it even without holding any share is a member of the company.

pooja (student) (101 Points)
Replied 10 February 2010

agree wid christo........

Vatsalya Bhardwaj (Final Student) (427 Points)
Replied 10 February 2010

K that means it depends on what is stated in AOA and MOA of company??

Christo Roby M (PCC Student) (69 Points)
Replied 10 February 2010

I think it is clearly mentioned in our study material. in companies act, in definition of members, any way members will be clearly stated in MOA, i think so......