Whether Pvt Ltd be a promoter/subsriber

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CS Somnath Kagade, BcomCSLLB (Querist)
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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)
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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)
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22 December 2009 Thanks a lot for solve the query.

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