Who can be subscribers to the Memorandum of Association?

A subscriber subscribes to the shares of the company at the time of its incorporation. For the purpose of incorporation, private companies need to have at least 2 subscribers, public companies, 7 subscribers, and one-person companies, 1 subscriber.

Who is a subscriber to the memorandum of a company?

A Subscriber means any person who subscribes the share of the company when the company is incorporated. They are the first shareholders of the company. The details of subscribers are mentioned in the MOA and AOA of the company. Thus they are also known as the subscriber to memorandum of association.

Who among the following Cannot become subscriber to Memorandum of Association?

It is plain that those who do not subscribe their signatures to the declaration in token of their desire to form themselves into a company and do not agree to take shares as required in the declaration, cannot be considered to be subscribers to the Memorandum of Association.

Who are company subscribers?

A Subscriber is the original and first shareholder of a limited company. It is possible and indeed quite common for there to be several persons and / or companies who are listed as subscribers during the incorporation of the business.

Who are first directors of a company?

First directors are the individuals named/defined in the Articles of Association as the first directors.

Can directors be subscribers?

Yes, the Director of a company is able to be appointed as a Subscriber. The subscriber is the original shareholder and can be any individual or company who would hold shares in the company. This includes the Director and Secretary as well as any other individual or company.

Who are members of company?

Every person who has agreed in writing to become a part of the company and also holds shares of the company is considered the ‘Member of the Company’ and is said to hold membership in a company. The name of the member of the company is entered as ‘Beneficial owner in the record of depository’.

Does a company need 2 subscribers?

Register a new company Every company must have at least one subscriber when it is formed, who may or may not also be a director or the company. Unless the company’s articles of association say otherwise, there’s no upper limit to the number of subscribers a company may have when it is incorporated.