Whether Pvt Ltd be a promoter/subsriber

This query is : Resolved

CS Somnath Kagade, BcomCSLLB (Querist)
Follow

22 December 2009 Dear PC,

Qtn. Whether Private Ltd Company can be a Promoter/subscriber of the New Incorporating Pvt. Ltd. Company?

Plz decribes your views for the same.

Thanking you,

CS Somnath Kagade
Company Secretary
Pune

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

22 December 2009 As per my understanding, in e-form 1A ,applicant as per clause 2(a) should be an individual. Like wise in clause 3, out of the two promoters, one should be an individual and the other can be a company. Consequently subscribers to the MOA and AOA should be one an individual and the other can be a company.
To conclude two Pvt Ltd companies cannot be an applicant and subscriber to the MOA and AOA for incorporating another Pvt Ltd company.

CS Somnath Kagade, BcomCSLLB

CS Somnath Kagade, BcomCSLLB (Querist)
Follow

22 December 2009 Thanks a lot for solve the query.

be in touch

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Phani

Shantaveeresh Manur

SIVALINGAM

mahendra zaveri

vinal

Subscribe Now

Whether Pvt Ltd be a promoter/subsriber

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Accountant

Manager- Finance and Compliance

GST CONSULTANCY

GST CONSULTANT

Article Assistant