Home » Languages » English (Sr. Secondary) » Precis Writing Solved Exercise for Class 10, Class 12 and Graduation Classes, Competitive Exams, Solved Precis 14

Precis Writing Solved Exercise for Class 10, Class 12 and Graduation Classes, Competitive Exams, Solved Precis 14

Precis No. 14

Ordinary conception of the membership of a company is that any person who holds shares of a company is member of that company. This conception is, however, not correct legally, as a person may be holding shares of a company and yet he may not be considered a member of that company, if his name does not appear in the Register of Members of that company. For instance, if a person sells his shares to another and the transferred (buyer) continues holding the transfer and does not get his name entered in the Register of Members of the company, he cannot be considered a member of that company. In case of companies limited by guarantee and without capital there may be no shareholders, yet those who constitute the company are members of the company.

 

Solved Precis 

Title : Essentials for becoming a member of a Company

Precis : The concept that any person holding shares of a company automatically become a member of that company is not legally correct. He will never become a member till he gets his name entered in the Register of Members of that Company by applying for it.

About

The main objective of this website is to provide quality study material to all students (from 1st to 12th class of any board) irrespective of their background as our motto is “Education for Everyone”. It is also a very good platform for teachers who want to share their valuable knowledge.

Leave a Reply

Your email address will not be published. Required fields are marked *