SCOPE OF CORPORATE GOVERNANCE III 
    MEMBERSHIP
  •MEETINGS 
  •RESOLUTIONS
        SCOPE 1: MEMBERSHIP OF A COMPANY
  • A member is a person who has 
    subscribed the memorandum of a 
    company or any person who has agreed 
    in writing to become a member of a 
    company and whose name is entered in 
    the register of members. 
  • Section 79 (1) (2) CAMA 
     1. Subscriber to memorandum 
  A subscriber to the memorandum 
   becomes a member on the 
   incorporation of the company. 
   They are deemed to have taken 
   the shares set opposite their 
   names.  
        Other Members 
  • Every person other than subscribers 
   must meet two conditions to become 
   a member of a company 
  A. An agreement in writing to become 
   a member: and 
  B. Entry of his name in the register of 
   members. 
     HOW TO ACQUIRE MEMBERSHIP
  • 1. Subscription: only  available to the first 
   subscribers, promoters 
  • 2. Allotment & being placed on the register of 
   members 
  • 3. Transfer of shares from existing shareholders 
   and being placed on the register of members 
  • 4. By Transmission i.e by succeeding to the estate 
   of deceased/bankrupt member, and being placed 
   on the register of members.