Companies Act, 2017 — section 118

118. Members of a company..—The subscribers to the memorandum of association are deemed to have agreed to become members of the company and become members on its registration and every other person

(a)to whom is allotted, or who becomes the holder of any class or kind of shares; or

(b)in relation to a company not having a share capital, any person who has agreed to become a member of the company; and whose names are entered; in the register of members, are members of the company. REGISTER AND INDEX OF MEMBERS