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withdrawl of consent by one of the promoter

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(Querist)
19 September 2009 one of the promotoer of a compay has withdrawl to be suscriber and director of company going to be incorporated,. he is required to file noc only for form 32 as a director. but for form 1 also there is a need of noc because he doesnt want to be subscriber.
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Shaurya

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Shaurya (Expert)
23 September 2009 Hi Charu,

Yes, he is required to provide a declaration cum affidavit (NOC), to be attached with Form 1 for incorporation of the Company.In the Draft NOC, he can say that, Due to some personal reasons, I am not able to become a subscriber to the Memorandum & Articles of Association of the said Company and I have no objection in the Incorporation of the Company in the aforesaid name (approved Name by Form 1A)

Hope this clarifies.

Regards.

Shaurya
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