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of <h1>Definition of 'Member' Under Section 2(53) of Companies Act, 2013: Subscribers, Consenting Individuals, and Beneficial Share Owners.</h1> A 'Member' of a company, as defined by section 2(53) of the Companies Act, 2013, includes: (i) the subscriber to the company's memorandum, who is automatically considered a member upon registration and is listed in the register of members; (ii) any individual who consents in writing to become a member and is recorded in the register of members; (iii) anyone holding company shares and listed as a beneficial owner in a depository's records.
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