Inclusion of 'member' expands persons covered under corporate procedural provision in amendment, extending scope beyond shareholders. Clause 88 of the Companies (Amendment) Bill, 2017 inserts the words "or a member" after the words "a shareholder" in subsection (2) of section 439, ... Summary
Inclusion of 'member' expands persons covered under corporate procedural provision in amendment, extending scope beyond shareholders.
Clause 88 of the Companies (Amendment) Bill, 2017 inserts the words "or a member" after the words "a shareholder" in subsection (2) of section 439, thereby expanding the provision's referential scope to include members alongside shareholders while leaving the remainder of subsection (2) unchanged.
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