13 February 2011
I am incorporating a public company. whether it is compulsory to sign MOA by all seven promoters. If some promoters can authorise any other person to sign MOA on their behalf ?
If yes . How much stamp duty we have to pay for above power of attorney ?
14 February 2011
Generally speaking the MOA should be signed by the subscribers. However in certain cases where it becomes difficult for the subscribers to sign the MOA or any amendments thereto, it may be signed by an agent if authorised by a power of attorney.
Stamp duty varies state to state. So check the concerned State Stamp Duty Act.
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