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(
Menu
CLSP_Incorporation
Replies (1)
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.
Recent Topics :
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
Related Topics :
CAclubindia
