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Under the Companies Act, 2013, from the date mentioned in the certificate of incorporation, the…

Under s.2(55)(a), the subscriber to the memorandum "shall be deemed to have agreed to become member of the company", and s.9 makes the subscribers a body corporate from the…

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Under the Companies Act, 2013, from the date mentioned in the certificate of incorporation, the subscribers become:

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Correct answer C

Under s.2(55)(a), the subscriber to the memorandum "shall be deemed to have agreed to become member of the company", and s.9 makes the subscribers a body corporate from the date of incorporation mentioned in the certificate. Subscribers therefore become members, not creditors or debenture holders, who lend to the company.

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