Change of subscription clause
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2012
helo,
I want to know if i can change the subscription clause of a company.
Its a private company and 1 of its subsciber has not paid the subscibtion money, so can we remove his name and add a new subscriber in the MOA. if yes plks let me know the procedure for the same.
I want to know if i can change the subscription clause of a company.
Its a private company and 1 of its subsciber has not paid the subscibtion money, so can we remove his name and add a new subscriber in the MOA. if yes plks let me know the procedure for the same.
22 June 2012
Subscribers to the MoA are treated as deemed members only.Until and unless they pay for those shares. they cannot be treated as shareholders.Allotment could be made only after receipt of the subscription money.After incorporation of the company, names of subscribers to the MoA cannot be changed because they were promoters of the company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- STCG FOR GOLD ETFs
- Tax liability on income of freelancer
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
