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of <h1>Understanding 'Member' in Companies Act, 1956: Subscribers, Written Agreements, and Equity Holders in Depository Records</h1> Section 41 of the Companies Act, 1956, defines 'member' in a company. Initially, subscribers of the company's memorandum are deemed members upon registration and are listed in the company's register. Additionally, anyone who agrees in writing to become a member and is entered in the register is considered a member. Furthermore, individuals holding equity share capital and listed as beneficial owners in depository records are also deemed company members.
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