04-29-2010, 06:16 PM
Holder of a share will not be treated as a member of the company unless his name is entered in the register of members so he is a shareholder but not the member. e.g in case of transmission, officail assignee of insolvent may become a shareholder by order of the court but he could not attend meeting merely upon having share certificate unless he send the shares along with court order to register the share in his name.
As abuzar said joint shareholders are more than one persons but will be counted a single member it seems that there is difference between shareholders and members. So how many person can hold a share jointly? if two then there should be 100 shareholders but 50 members for private limited company?
As abuzar said joint shareholders are more than one persons but will be counted a single member it seems that there is difference between shareholders and members. So how many person can hold a share jointly? if two then there should be 100 shareholders but 50 members for private limited company?
