Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A person becomes a member, director or company secretary of a company on registration if the person is specified in the application with their consent as a proposed member, director or company secretary of the company.
Note: For the equivalent provision for a CCIV, see section 1222D.
(2) The shares to be taken up by the members as specified in the application are taken to be issued to the members on registration of the company.
Note: A member's name must be entered in the register of members (see section 169).