(1) A companyCompany means a company incorporated under this Act or under any previous company law may, if so authorised by its articlesArticles means the articles of association of a company as originally framed or as altered from time to time or applied in pursuance of any previous company law or of this Act, accept from any member2(55) Member, in relation to a company, means—
(i) the subscriber to the memorandum of the company who shall be deemed to have agreed to become member of the company, and on its registration, shall be entered as member in its register of members;
(ii) every other person who agrees in writing to become a member of the company and whose name is entered in the register of members of the company;
(iii) every person holding shares of the company and whose name is entered as a beneficial owner in the records of a depository , the whole or a part of the amount remaining unpaid on any shares2(84) Share means a share in the share capital of a company and includes stock held by him, even if no part of that amount has been called up.
(2) A member of the company limited by sharesCompany limited by shares means a company having the liability of its members limited by the memorandum to the amount, if any, unpaid on the shares respectively held by them shall not be entitled to any voting right “voting right” means the right of a member of a company to vote in any meeting of the company or by means of postal ballot in respect of the amount paid by him under sub-section (1) until that amount has been called up.