CAF-4 · Chapter 16 · Question 4 of 10
Under the Companies Act, 2017, what is the prerequisite for a person to officially become a member of a company with a share capital?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) The person's agreement to become a member and the allotment of shares to him.
Explanation
A person becomes a member of a company following their agreement to become a member and the subsequent allotment of shares to them.
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