CLSP_Incorporation

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5 Points Joined January 2021

Is the requirement of Minimum of 7 Subscribers to MOA applicable to goverment company's? or is President of India the only subscriber (Implication before and after The companies act 2013( 

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On 20 April 2022 at 15:16 Report
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As per Section 3 of the Act, 

A company may be formed for any lawful purpose by—

(a) seven or more persons, where the company to be formed is to be a public company;

(b) two or more persons, where the company to be formed is to be a private company; or

(c) one person, where the company to be formed is to be One Person Company that is to say, a private company.

No exemption on minimum subscribers has been given to Government entities as per MCA Notification dt. 5.6.15 GSR 463(E).

Any opposing views are welcomed.

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On 05 May 2022 at 14:29


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