By subscribing to the Memorandum of association..
Modes Of Acquiring Membership:
By
subscribing to the Memorandum of association..
By agreement and registration.
By agreeing to purchase qualification shares.
Calls On Shares:
The company may ask for some
payment at the time of application for shares (but money not less than 5 per
cent of the nominal value) and another sum at allotment. The balance may be
payable as and when called for.
Forfeiture Of Shares:
Forfeiture
of shares means taking them away from the member. This is absolutely a serious
step for not only does it deprive the shareholder of his property but also,
unless the shares are re-issued, it involves a reduction of capital.
Tags : Business Environment and Law-Share & Share Capital
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