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

Who Signs the Subscriber Sheet for a Private Subsidiary? Plus, Key Benefits of Private Companies Explained. A query was raised regarding who should sign the subscriber sheet when forming a private subsidiary company and the benefits of private companies. The response clarified that the person intending to take shares in the company should sign the memorandum. Benefits of a private company include a low minimum paid-up capital requirement of Rs. 100,000, numerous exemptions under company law, fewer applicable provisions compared to public companies, and the ability to be established by just two individuals.