9911796707
TMI BlogCan a Disqualified Director become Subscriber to the Memorandum in a Company to be incorporatedX X X X Extracts X X X X X X X X Extracts X X X X ..... Can a Disqualified Director become Subscriber to the Memorandum in a Company to be incorporated X X X X Extracts X X X X X X X X Extracts X X X X ..... incorporated? On reading the act I find no restrictions on the same. However, when I practically tried to fill the spice+ form, I'm not able to Associate the DSC of the person who was disqualified as a director in some other company, for signing the MOA as a subscriber to the memorandum. Can someone guide me on the Act and practical issues faced while signing the MOA. Thank you in advance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the help. Reply By TANAY GHILDIYAL: The Reply: Ofcourse company's ownership is permitted, but if they were to act in one of the following ways it would become extremely tough to avoid a director disqualification breach. as de facto director (or director "in fact") who acts as a director, but who hasn't been formally appointed or recorded as director in the company's records or at Compa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nies House as a shadow director who isn't openly acting as a director, but is instructing another company director in the performance of his or her duties and the direction of the company as a corporate director who is appointed to sit on the Board as a non-executive directors who in terms of management and direction of the company and responsibilities, such as the financial affairs of the comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any, is no different to a formally appointed and registered director
So yes he can be the Subscriber but watch for his further roles to aviod litigation X X X X Extracts X X X X X X X X Extracts X X X X
|
