All companies must have at least one member and the limit on the number of members depends on the type of business. For example, an exclusive limited liability company is limited to 50 members (who are not employees), but there is no limit to membership in a public company. A member must give written consent to become a shareholder. A shareholder of a public limited company is the natural or legal person who holds shares in the company and who is therefore (depending on the participation) the total or partial ownership of it. One of the main tasks of a shareholder is to vote on resolutions (if that member has voting rights depending on the type of participation). At the discretion of the Board of Directors, members are also entitled to a dividend from the company`s profits. As a member of a company, you are not responsible for the company`s debts. The only amount for which you are responsible is the unpaid amount of shares that can be called. (i) The signatory of the company who has agreed to become a member of the company shall be entered on its list of partners when he is registered as a partner. (ii) any other person who agrees in writing to become a member of the company and whose name is entered in the register of partners; According to section 231 of the Companies Act 2001 (Cth), a person is a member of a company if: Legal entities that may be members of a company include: (iii) any person who holds shares in the company and whose name is registered as beneficial owner in the records of a depositary.