Meaning of Member – A person whose name is written in the register of a company .
Meaning of Shareholder -The person who owns the shares of a company .
Member is defined under section 2{27} of the companies act whereas shareholder is not defined .
Company – Every company must have an minimum number of members in a company whereas the company limited by shares can have shareholders.
Final Answer :
Member may or may not be shareholders of a company but shareholders always be a member of a company.