Page 120 - DCOM106_COMPANY_LAW

Unit 8: Membership in a Company

9. Distinguish between: Notes
(i) A member and a shareholder in a company.
(ii) Forfeiture and surrender of shares.
10. Write with reasons whether the following can become members of a company:

(i) Minor
(ii) Foreigner
(iii) A company.

Answers: Self Assessment

1. person 2. subscriber

3. the members of the company 4. shareholder
5. (d) 6. (d)
7. (a) 8. (a)
9. False 10. True
11. True 12. True

13. True

8.13 Further Readings

Books Aggarwal, Rohini (2003), “Student’s Guide to Mercantile and Commercial Laws,”
Taxmann’s, New Delhi

Avtar Singh, Company Law, Eastern Publishers
Begrail, Ashok K, Company Law, Vikas Publishing House, Delhi
Kapoor, N.D, Company Law, Sultan Chand & Sons, New Delhi
M.C. Kucchal ( 2002), “ Business Law”, Vikas Publishing House Pvt. Ltd, Delhi

P.C. Tulsian (2002), “ Business Law”, Tata Mc.Graw Hill Pvt. Ltd, Delhi
S S. Gulshan, Business Law, Excel Books, New Delhi, 2006

Online links http://www.indialawinfo.com/bareacts/soga.html

www.en.wikipedia.org
www.webopedia.com

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