Section 64, The Companies Act, 2009

(1) The subscribers of the memorandum of a companyshall be deemed to have agreed to become members of the company, and on its registration shall be entered as members in its register of (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) In the case of a company having a share capital, each member shall be a shareholder of the company and shall hold at least one share.