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Commerce · Q48

Business and Commerce

Graduate and Post Graduate · Commerce · question 48

Q48

A bearer of a share warrant of a company is _____.

A.
a creditor of the company
B.
a member of the company
C.
a member subject to certain conditions
D.
not a member of the company
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
A bearer of a share warrant of a company is not a member of the company. But if the articles of association of the company provide it, then the bearer is deemed to be the member of the company.