law: Companies Act, 1956
  Sec 41    -    
  
  Definition of "member". 
  (1) The subscribers of the memorandum of a
  
  company shall be deemed to have agreed to become members of a company, and on
  
  its registration, shall be entered as members in its register of members.
  (2) Every other person who agrees in writing
  
  to become a member of a company and whose name is entered in its register of
  
  members, shall be a member of the company.
  (3) Every person holding equity share capital
  
  of a company and whose name is entered as beneficial owner in the records of
  
  the depository shall be deemed to be a member of the concerned company.