who will be subscriber

[Asked by Guest]

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

and what is the benefits of private companies

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.