Subscription Of Shares For Non-Cash Consideration

A subscriber is an original member of a limited company. They are called ‘subscribers’ because they subscribe (add) their names to the memorandum of association during the company formation process. By doing so, they are agreeing to form the company, become members, and have their names entered in the company’s register of members. The details of subscribers are mentioned in the Memorandum of Association and Articles of Association of the company.A subscriber is an original member of a limited company. They are called ‘subscribers’ because they subscribe (add) their names to the memorandum of association during the company formation process. By doing so, they are agreeing to form the company, become members, and have their names entered in the company’s register of members. The details of subscribers are mentioned in the Memorandum of Association and Articles of Association of the company.taxmann.com Latest ArticlesRead More

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