who will be subscriber

[Guest]

if any private subsidiary  company is making then who will be signed on subscriber sheet

and what is the benefits of private companies

[Sucheta Agrawal]

Hi Niranjan,

in case of private company, the person who wants to take shares in the company, will sign the memorandum.

the benefits of private company-

1. can start it a minimum paid up capital of Rs. 100000 only.

2. so many exemptions given in the company law to private company.

3. the provisions of directors and other which are applicable on public company not applicable on private company.

4. only two person can make the private company

 

 

AI Summary

Subscriber signing requirement: person taking shares must sign memorandum; private companies receive statutory exemptions and simplified governance. The person who undertakes to take shares must sign the memorandum as the subscriber. Private companies benefit from a low minimum paid up capital requirement, multiple statutory exemptions under company law, exemption from certain public company director and governance provisions, and may be formed by a minimal number of persons, making them suitable for closely held businesses with simplified compliance.