09 April 2011
if there is 3 promoters in Form 1A and at the time of subscribing MOA/AOA one promoters is steped out....now can only 2 subsriber can register the company.
11 April 2011
Agree with Mr. Warrier. NOC of the stepped out promotor should be attached to form 1A.
Mr. Warrier, since you have mentioned that this can be done for a private limited company, I would like to know whether the same is applicable for a public limited company or not? I think it's permissible for a public limited company as well. If not, what is the procedure? I have not handled a similar situation in public company so far.
Noc is possible for public limited company's as well subject to the compliance of section 12(1)of the Companies Act,1956. The question lacks the status of the proposed company. So I put a reservation in my observation viz., pvt ltd.