MEMBERSHIP. — SPCC STD 12 Commerce — Question

INTRODUCTION: - When the member's name is canceled from the company's membership sheet, then the membership of the person is terminated. There are various circumstances of endorsement of the membership, which can be shown as follows:

1. By share transfer: - When a member of the company sells his or her share to another person or person, the name of the share seller is canceled from the member sheet depending on the transfer of shares. As a result, its membership ends.
2. By transmission of share: - When a member dies, the bank's ownership of shares is processed by the legal process when a bankrupt or unstable brain is declared, resulting in an end to the membership of the original member.
3. By forfeiture of share: -The company has asked for an installment on the shares and the shareholder installment amount is not paid in the prescribed period, after the proper action, its shares are seized. As a result, the name of the shareholder is terminated after the cancellation of the name of the member; however the provisions regarding shareholders must be in the company's regulatory order.
4. By exercise of Lien on Shares: - If there is a provision for Share lien in the company's regulatory order, the company issues notice to the share holder to recover his debt. When the company sells shareholder shares to recover their levy using the rights of Share lien, the membership of its original shareholder ends.
5. By Redemption of Redeemable Preference Shares: - The company has issued a redeemable preference share and returns the term due to the condition to return the completed shares. As a result, membership of the share holder is terminated.
6. By Making Share Allotment Void: - When the provisions for regular share sharing in the company are violated, the affected shareholders can cancel the share sharing so that their membership ends. So that their membership ends.
7. By Liquidation/Winding up of Company: - When the company closes its business or completes its membership or the company goes into liquidation, the end of the membership ends with the end of the company.
8. By Amalgamation/Merger of Companies: - When one of the two companies is involved in a company's second company or two companies, the new company endorses the end of the membership of the losing company. However, members of the losing company can get a new membership subject to the proposed conditions.

• Conclusion: -Amazes the above thing that the reasons for the company's membership can end.