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Question
State whether the following statement is True or False:
Member is entitled to profits of the company when a dividend is declared.
Options
True
False
Solution
True
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RELATED QUESTIONS
Select the correct answer from the options given below and rewrite the statement:
________ is a person whose name is entered in the Register of Members.
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A _______ cannot be a member of a company.
Write a word or a term or a phrase which can substitute the following statement:
A person whose name is entered in Register of Members.
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The subscribers of this document are considered as Members of the company.
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Buying shares is the most common way to become a Member of the company.
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Karta of HUF can be a member of the company.
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Member of the company is conferred with several rights.
Complete the sentence:
A person whose name is entered in the Register of Members of a company is called __________
Complete the sentence:
In case of death or insolvency of a member, he will cease to be a __________
Select the correct option form the bracket.
| Group A | Group B |
| Minor | ___________ |
Select the correct option form the bracket.
| Group A | Group B |
| Co-operative | ___________ |
Correct the underlined word and rewrite the following sentence:
A Minor can be a member of a company.
Justify the following statement.
Insolvent person ceases to be the Member of the company.
Justify the following statement.
Members of the company have some fundamental corporate decision-making rights.
Answer the following question:
Explain the circumstances when Member is not a shareholder and vice-versa.
