From the date of incorporation mentioned in the certificate of incorporation, such subscribers to the memorandum2(56) Memorandum means the memorandum of association of a company as originally framed or as altered from time to time in pursuance of any previous company law or of this Act and all other persons, as may, from time to time, become members2(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 of the company, shall be a body corporateBody Corporate includes a company incorporated outside India, but does not include—

  (i) a co-operative society registered under any law relating to co-operative societies; and

 

(ii) any other body corporate (not being a company as defined in this Act), which the Central Government may, by notification, specify in this behalf by the name contained in the memorandum, capable of exercising all the functions of an incorporated company under this Act and having perpetual succession and a common seal withOmitted by the Companies (Amendment) Act, 2015 (21 of 2015), notified on 26th May, 2015, with effect from 29th May 2015 vide notification S.O. 1440(E). To view the notification,Click Here power to acquire, hold and dispose of property, both movable and immovable, tangible and intangible, to contract and to sue and be sued, by the said name.

Enforcement Notification S.O. 1440(E) dated 29/05/2016

Enforcement Notification S.O. 902(E) dated 26/03/2014

The Companies (Amendment) Act,2015