Instructions: Read the passage carefully and answer the following questions 46-50)XYZ Ltd is registered with an authorised capital of Rs. $20$ lakh divided into $2$ lakh equity shares of Rs. $10$ each. The company is in manufacturing of pickles and spices. Due to the increase in demand of packed food in the market they decided to diversify its operation. For this purpose they decided to issue $1$ lakh equity share of Rs. $10$ each. The company issued $20,000$ equity shares to a vendor to supply the machinery required to manufacture the packed food. Rest of the equity shares were issued to general public for subscription. The application were received for $46,000$ equity shares. Due to undersubscription of equity shares the shares were not issued to public. The company issued $20,000$ equity shares of Rs. $10$ each to vendor. After issuing them the shares the vendor will be considered as:

1. A
   Creditors
2. B
   Owners
3. C
   Customer
4. D
   Lender