Answer in Brief · Q7
Q.State any four ways in which the membership of a company may come to an end.
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Start your 14-day free trial to unlock the full solution →Four representative ways in which membership of a company may come to an end:
- Transfer of shares — once a transfer is registered, the transferor ceases to be a member for those shares.
- Transmission of shares — the original member's membership ends by operation of law on death, insolvency, or lunacy, and the legal representative is substituted.
- Forfeiture of shares — the company cancels a member's partly-paid shares, following its Articles' procedure, for non-payment of calls.
- Winding up of the company — once the company is wound up and dissolved, all membership necessarily ends. …
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