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MEMBERSHIP. — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCMEMBERSHIP.3 Marks
Question
How to get membership through share allotment?
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Answer

The company invites the public to fill up the shares through advertisement. In pursuance of such public invitation, the person applies for the purchase of shares. When such share application is approved, the name of the applicant is recorded in the membership form. As a result, he becomes a member of the company and acquires membership.

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