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Difference between shareholder and member | Shareholders vs Members | Members and Shareholders of a Company Law 🔴The following are the differences between members and shareholders: 🫵🏻 A member is a person who subscribed the memorandum of the company. A shareholder is a person who owns the shares of the company. 🫵🏻 The term member is defined under section 2 (55) of the Indian Companies Act, 1956. Conversely, the term shareholder is not defined in the Indian Companies Act, 1956. 🫵🏻 The bearer of a share warrant is not a member, but the bearer of a share warrant can be a shareholder. 🫵🏻 All shareholders whose name are entered in the register of members are the members. On the other hand, all members may not be the shareholders. 🫵🏻 In the case of a public company, there must be a minimum of 7 members. There is no such cap on the maximum number of members. Similarly, a private company can have a minimum of 2 and maximum of 200 members. As opposed to shareholders, there is no minimum or maximum limit, in the case of a public company. =============================================== 🔴 This video might be useful for students preparing for - 🫵🏻 11th Commerce #11thcommerce 🫵🏻 12th commerce boards #12thcommerce 🫵🏻 CUET #cuet 🫵🏻 CSEET(CS FOUNDATION ICSI) #cseet 🫵🏻 CA Foundation #cafoundation 🫵🏻 UGC NET COMMERCE #ugcnetcommerce 🫵🏻 LLB #llb 🫵🏻 UGC NET LAW #ugcnetlaw 🔴 In this video- Teacher's Name - CS Payal Popli Topic - SHAREHOLDERS vs MEMBERS #padhakulog #typesofsharecapital il #csfoundation #icsi #companysecretary #companiesact2013 #commercestudents #legalaptitudeandlogicalreasoning #cuet #cuetpreparation =============================================== 🫵🏻 Connect with us- 🗣️Instagram- https://instagram.com/padhaku_log?igs... 🗣️Facebook- / padhaku-log-101091301476679 🗣️Mail id- [email protected] 🗣️Watsapp-9630227777 🗣️Telegram-9630227777 =============================================== ❤️About us: Padhaku Log is a platform specially created for those students who live in remote areas and don’t have access to fancy coaching classes. A channel which wants to bring parity in knowledge level of all.