Sadanand (ca) (50 Points)
02 May 2011Dear Members,
Name application was applied by two individuals and same was approved. Now while subscribing to the MOA & AOA, we would like to replace one individual with a Pvt Ltd Co as subscriber. Individual applicant dropped out is director of the said Pvt Ltd co and he will represent the Pvt Ltd and sign MOA on behalf of it. He will also provide a NOC for Pvt Ltd company joining as promoter.
Is this fine. Are there any procedural requirements.
Regards
Vishwanath
CS Nadeem Ahmed Siddique
(Company Secretary)
(354 Points)
Replied 02 May 2011
Dear Sir, The person shown as the subscriber to MOA in form 1A can be replaced after placing a proper affidavit by him in this regard. He can act as the authorised signatory on the behalf of the Co. entered as subscriber.
CAclubindia
