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.
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