Justify the following statement: Subscribers to the Memorandum of Association are the first members of the Company.
Justify the following statement:
Subscribers to the Memorandum of Association are the first members of the Company.
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- There are different ways for the acquisition of membership in a company.
- Subscribing to Memorandum of Association is one is of the way of acquiring membership in a company,
- Subscribers to the Memorandum of Association of companies are different in different cases i.e. Seven (7) members in the case of a Public Company, Two (2) members in the case of a Private company, and One (1) in case of One Person Company.
- Thus, I agree with the above statement.
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