Definition Of Member as per Companies Act,1956

Definition of member — Section 41 Companies Act,1956

All the subscribers of the Memorandum of Association shall be deemed to have agreed to become members of the company and on registration of a company shall be entered as members in the Register of members

Section 41 deals with definition of member which provide as under:—

• The subscribers of the Memorandum of a company shall be deemed to have agreed to become members of the company, and on its registration, shall be entered as members in its register of members
  
• Every other person who agrees in writing to become a member of a company and whose name is entered in its register of members, shall be a member of the company
  
• Every person holding equity share capital of a company and whose name is entered as beneficial owner in the records of the depository shall be deemed to be a member of the concerned company