HA3021 Corporations Law - Assessment Task 2

Week 7 - Question 2 (10 marks)

Kelvin is considering buying shares in a company. Kelvin asks you to explain to him what is meant by ƚhe terms 'member' and 'Shareholder' and the different ways in which a person may become a member. He also asks you to explain who may be eligible to become a member, and how many members a company is permitted to have. Finally Kelǀin asks ͞"How does a person cease to be a member of a company?"

Required: Advise Kelvin.

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