TaxTMI 
TaxTMI 
if any private subsidiary company is making then who will be signed on subscriber sheet
and what is the benefits of private companies
who will be subscriber
14 Jun 2011 
1 Reply 
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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. (AI Summary)
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. (AI Summary)