Subscribers to memorandum of association

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This query is : Resolved

Rishabh Raj Chauhan (Querist)

20 June 2016 Dear All,

I want to know if one person can sign the subscribers sheet of memorandum of association on behalf of three private companies.

There's a case in which there are four subscribers to Memorandum of Association of Private Company. All four are Companies.
However, one individual has signed the subscribers sheet on behalf of three companies out of the four companies.

I want to know if such a subscription is valid or not?
If anyone knows anything, please Reply.
Its Urgent.

Purnima Parashar

Purnima Parashar (Expert)

21 June 2016 one person can sign the subscribers sheet of memorandum of association on behalf of three private companies. If that one person is director in all the three private company and Individual resolution was passed by private companies to authorize that director to be appointed as nominee to hold share on behalf of the company.

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