Gujarat BoardEnglish MediumSTD 12 CommerceSPCCMEMBERSHIP.3 Marks
Question
Write a note about "Members as joint share holder".
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Answer
When a company comes out of the stock, the buyer's person is two or more and if the company buys the company's shares in the joint name, their combined name is written in the company's membership sheet.
Personally and jointly, responsibilities arise, whose names are mentioned in the company's member sheet.
In the name of the person who is jointly nominating the name of the person in the name of the person, the company sends the correspondence and notice, the dividend warrant, the circular, the document.
Thus, joint shareholders are jointly responsible for the company.
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