Dear Friends,
In case of formation of wholly owned subsidiary, how do the promoting company complies with the criteria of minimum two subscribers signing the MOA/AOA
Kumar
(Legal Consultant)
(358 Points)
Replied 17 May 2010
Dear Ekta,
According to me the corporates founders/promoters have to provide suitable Board Resolution plus POA in favour of individual to sign the subscripttion sheets for and behalf of the concerned corporates.Take suitable auhtorization from the corporate to do promotion works in favour of individuals.
Get back incase you require any further clarification.
Regards
CAclubindia
