16 March 2011
Respected Experts In case of formation of a public limited co are all atleast 7 subscribers of Memorendum of Associations are to be appointed as the Directors of the Co If a Co is issuing Pref Share Capital then is the total capital limit ie Equity Share Capital plus Preference Share Capital is to be within the limit of Authorised Capital Thanks Debashis Mandal
16 March 2011
No all subscribers need not be first directors of the company. In case of a public limited company minimum three directors are required.Even a person who is not a subscriber can also be appointed as director.
Yes authorized share capital includes both equity and preference share capitals.
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