Body Corporate as subscriber to MOA AOA

This discussion clarifies whether a body corporate can act as a subscriber to a Memorandum of Association (MOA) and Articles of Association (AOA). According to Rule 13(4) of the Companies (Incorporation) Rules, 2014, an authorised representative of a body corporate cannot simultaneously be a subscriber to the MOA/AOA, either personally or as a representative of another body corporate. The query highlights a scenario where a new company has three subscribers: two individuals and one body corporate represented by an authorised representative who isn't a shareholder in their own right. The core issue is whether the shares should be listed under the body corporate's name directly, with the authorised representative only signing on its behalf, rather than the representative being listed as the subscriber.