I was filling the startup India form in which it asked me for an authorized representative of the company. I wanted to explain my company's hierarchy.
We are 4 co-founders who successfully formed a Pvt. ltd company having equal shares each in which 2 are the directors A&B and the remaining 2 are shareholders C&D and Director A is the authorized signatory for all the decisions related to business and finance.
The startup India form it is asking for the authorized representative of the entity. I am confused about whether the director can be an authorized representative or if I have to assign anyone from the shareholders?
13 May 2022
Okk. Actually in that format it was mentioned that:
Note: The letter of Authorization cannot be signed by the person nominated by the entity. It should be signed by another person from the entity as given in the prescribed format. Only in case of OPC, directors can authorize themselves.
By looking into this I got confused whether I can become the Authorize representative of the entity or I have to nominate someone from shareholders.?
CAclubindia
