LWACCA Specimen

This is something that you are unlikely ever to need in the rest of your life! However …. A member is, by statutory definition, a person whose name appears on the company's register of members A shareholder is a person that is beneficially interested in the share capital of the company So far, I imagine, that has not progressed you very far through to answering your question! How is it possible to have your name on the register and yet not also be beneficially interested? - by having recently held shares but, 2 days ago, you sold those shares. In that time gap between selling and the register being updated to reflect that sale … - by acting as the nominee for someone else - by acting in the capacity of a trustee of a trust where you are not also one of the trust's beneficiaries How can you be a shareholder and not a member? - by jointly owning shares with someone else and only one name has been notified to the company - by being the owner of bearer shares (there is no register maintained of bearer share holders) - by having bought shares 2 days ago and the register has not yet been updated - by being the beneficiary of a trust (no notice of any trust may be entered in the register, by law) But, as I said at the start of this response, you are most unlikely ever to have the opportunity to impress others that may ask you the question "What's the difference between a member and a shareholder?" If you wish to follow this up with me, please post your supplementary question on the Ask ACCA Tutor forum - that way I shall definitely see it and I shall respond OK?