Definition of "Member" Under Section 2(53) of Companies Act, 2013: Subscribers, Consenting Individuals, and Beneficial Share Owners.
A "Member" of a company, as defined by section 2(53) of the Companies Act, 2013, includes: (i) the subscriber to the company's memorandum, who is automatically considered a member upon registration and is listed in the register of members; (ii) any individual who consents in writing to become a member and is recorded in the register of members; (iii) anyone holding company shares and listed as a beneficial owner in a depository's records.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.
TaxTMI 
of 
https://www.taxtmi.com/ma...
TaxTMI 
