A person who is an authorized representative of a body corporate, at the same time, cannot be a subscriber to the MoA / AoA (either in an individual capacity or as authorised representative of another body corporate) as per Rule 13(4) of Companies (Incorporation) Rules, 2014 and the proviso therein
I have received this query while incorporating the co., in this case there are 3 subscribers 2 directors who are common in both the body corporates and one body corporate which is represented by an Authorized Representative other than above 2 Directors. Is this not allowed?
authorized representative here is not holding shares in his individual capacity in the new body corporate to be incorporated
CAclubindia
