Hi
Suppose A Ltd. is to be incorporated as WOS of B ltd. The Subscribers of A ltd are as follow:
1. B Ltd.
2. M (Nominee of B ltd.)
3. N (Nominee of B ltd.)
4. O (Nominee of B ltd.)
5. P (Nominee of B ltd.)
6. Q (Nominee of B ltd.)
7. R (Nominee of B ltd.)
All the subscribers except 'O' are the employees of B ltd. 'O' is not related to B ltd. in any way.
My query is whether 'O' can act as nominee of B ltd. as neither he is the employee of the company nor director?
Regards
Hinna Garg
CAclubindia
