Signing of incorporation documents
This query is : Resolved
Guest
Guest
(Querist)
16 March 2011
Dear Friends / Experts,
Please see my basic query :
New private limited company (proposed to be incorporated in Chennai) shall have two shareholders,
where first shareholder is a private limited company, which is represented its MD and
second shareholder is an individual and a nominee shareholder for the first shareholder (who is also the MD of the 1st shareholder i.e. company).
Query :
Whether all the documents (i.e. MOA, AOA and POA) shall have to be signed by the same person, as he plays two roles here.
Ans : ……………….. (I need clarity).
Experts’ may share their experiences.
Please see my basic query :
New private limited company (proposed to be incorporated in Chennai) shall have two shareholders,
where first shareholder is a private limited company, which is represented its MD and
second shareholder is an individual and a nominee shareholder for the first shareholder (who is also the MD of the 1st shareholder i.e. company).
Query :
Whether all the documents (i.e. MOA, AOA and POA) shall have to be signed by the same person, as he plays two roles here.
Ans : ……………….. (I need clarity).
Experts’ may share their experiences.
16 March 2011
Sir
In the given situation, the following observation may be looked into.
1)The new pvt ltd company can have two promoters / subscribers to the incorporation documents viz., a pvt ltd company represented by its MD and an individual in his individual capacity.
2) In view of the above, my understanding to the query is one person in dual capacity cannot incorporate another company.
In the given situation, the following observation may be looked into.
1)The new pvt ltd company can have two promoters / subscribers to the incorporation documents viz., a pvt ltd company represented by its MD and an individual in his individual capacity.
2) In view of the above, my understanding to the query is one person in dual capacity cannot incorporate another company.
sai swaroop munaga
(Expert)
16 March 2011
In this case, Any other whole time director should sign on behalf of the company and MD should sign in Individual capacity
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
- Gst credit note by supplier
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Movement of goods by packers and movers - type of sale - Reg.
- Wrong CMPo8 file
- GST on reimbursement of expenses
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
