State whether the following statements are True or False.

1) Buying shares is the most common way to become Member of the company.
Ans:- True

2) Both; Individuals and body corporates can be members of the company.
Ans:- True

3) Legal competency to enter into contracts is one of the criteria to become member of the
company.
Ans:- True

4) Limited Liability Partnership cannot be a member of the company.
Ans:- False

5) Karta of HUF can be a member of company.
Ans:- True

6) Member of the company is conferred with several rights.
Ans:- True

7) Member is entitled to profits of the company when dividend is declared.
Ans:-  True

8) Member of company can attend general and Board meetings of the company.
Ans:- False

9) Right to appoint Director is given to Members.
Ans:- True

10) Minor can be the member of the company.
Ans:- False