26 April 2012
is any special aspect to be changed or required to pay high attention while drafting MoA & AOA of company which is 100% subsidiary of foreign company and 1 share of its capital is held by foreign director as beneficiary on behalf of that foreign co.?
please enlist all clause which are need to change.
In MOA, generally not, but in AOA you should have clause, about attending of general meeting, Board meeting, quorum, right of shareholders etc, chairman of BM and General Meeting etc....