Every company must have at least one member. The fact that a person owns shares in the company does not make him a member of the company.

A shareholder becomes a member once his name is entered into the company’s register of members or if he is a subscriber to the constitution of the company.

A member of a company limited by guarantee is not a shareholder because there is no share capital in the company.

 

Did you find this page useful?
back to top