Company Membership Quiz

A _________is one of the company's owners whose name has been entered on the register of members.

Minimum number of members in case of private company is:

• 2 (Two)

• 7 (Seven)

• 50 (Fifty)

• 200 (Two hundred)

Minimum number of members in case of public company is:

• 2 (Two)

• 7 (Seven)

• 50 (Fifty)

• 200 (Two hundred)

Maximum number of members in case of public company is:

• 2 (Two)

• 7 (Seven)

• 50 (Fifty)

• No Limit

Which of the following is NOT a way of termination of membership

• transfer of shares

• redemption

• by agreeing in writing

• estoppel

Which of the following is NOT a way of becoming a member.

• transfer of shares

• transmission of shares

• by agreeing in writing

• forfeiture of shares

Which of the following cannot be a member of a company?

• Subscriber of MOA

• Holder of equity shares of company

• Every person whose name is entered in the register of member

• Insolvent persons

Which of the following is NOT a way of termination of membership by act of law

• insolvency

• sale

• transmission

• sale

What information is typically required to be included in the register of members?

• The date of birth of each member.

• The name, address, and shareholding details of each member.

• The employment history of each member.

• The nationality and passport number of each member.

Which document is usually required to be signed by a new member to formalize their membership in a company?

• Memorandum of Association.

• Articles of Association.

• Share application form or share transfer form.

• Annual report.