11th Com Secretarial Practices Chapter 5 (Digest) Maharashtra state board

Chapter 5 Members of a company

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"Members of a company" typically refers to individuals or entities who have a stake or ownership interest in the company. In the context of a corporation, members are often referred to as shareholders or stockholders. 

They hold shares of stock in the company, which represents their ownership interest. In other types of companies, such as limited liability companies (LLCs) or partnerships, members may refer to the owners or partners of the business. 

These members typically have certain rights and responsibilities, which may include voting on important company decisions, receiving dividends or distributions of profits, and being entitled to a portion of the company's assets upon dissolution.