MCQs · Q2
Q.Which of the following CANNOT be registered as a member of a company in its own name?
(A) An individual who is a major
(B) Another company
(C) A partnership firm, in the firm's own name
(D) A foreign national, subject to FEMA compliance
Maharashtra MsbshseTextbookSubjectiveImportance★★★★★est
90% · 9/10 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →Registration as a member requires either natural legal personality (an individual with contractual capacity) or a recognised legal-person status (such as a company).
Option-by-option analysis:
- (A) Incorrect (i.e., this one CAN become a member) — a major individual has full contractual capacity and can freely become a member.
- (B) Incorrect (i.e., this one CAN become a member) — a company is a legal person and can become a member of another company, subject only to the Section 19 restriction on a subsidiary holding its holding company's shares. …
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.