Who can become a member of Joint Stock Company?
Any Person who can completed 18 years age. He will become a member of company.
One Company become a member of another company.
Partners and Partnership firm become a member of company.
KARTA of joint Hindu Family Business become a member of company.
Trusty and Trust become a member of company.
NRI become a member of company.
Register society their members become a member of company.
Concept of Transmission of membership
Introduction
Transmission means
cancellation of membership of member in cases or some situation and in certain
cases.
Transmission of
share
In the member of company
death get transfer to the name nominee. It means membership cancel
automatically.
Redemption of
shares
Redemption means pay
back or return back of the share capital. If company return share capital of
the shareholders then the membership of that member cancelled.
By company
It is a basic right of company
to cancelled the membership of member in case of any mistake or mal practice in
company.
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