Advertise With Us

    Body corporate Authorised representative

    Posted By : SHALU / Published on : 05-Aug-2021 01:25 PM / View : 1358 / Comment : 2

    Print button
    Dear All

    Can two body corporates i.e. non-individual subscribers have one authorised representative at the time of incorporation of new company.

    Read more on : representative authorised corporate body

    • Dear Folk, 

      No, both Individuals shall be separate 

      As per Rule:

      13 Signing of Memorandum and Articles.

      The Memorandum and Articles of Association of the company shall be signed in the following manner, namely:-

      Clause (4)

      Where the subscriber to the memorandum is a body corporate, the memorandum and articles of association shall be signed by director, officer or employee of the body corporate duly authorized in this behalf by a resolution of the board of directors of the body corporate and where the subscriber is a Limited Liability Partnership, it shall be signed by a partner of the Limited Liability Partnership, duly authorized by a resolution approved by all the partners of the Limited Liability Partnership:

      Provided that in either case, the person so authorized shall not, at the same time, be a subscriber to the memorandum and articles of Association.

      Where the subscriber to the memorandum is a body corporate, then the following particulars shall be filed with the Registrar-

      (a) Corporate Identity Number of the Company or Registration number of the body corporate, if any

      (b) GLN, if any;

      (c) the name of the body corporate

      (d) the registered office address or principal place of business;

      (e) E-mail Id;

      (f) if the body corporate is a company, certified true copy of the board resolution specifying inter alia the authorization to subscribe to the memorandum of association of the proposed company and to make investment in the proposed company, the number of shares proposed to be subscribed by the body corporate, and the name, address and designation of the person authorized to subscribe to the Memorandum;

      (g) if the body corporate is a limited liability partnership or partnership firm , certified true copy of the resolution agreed to by all the partners specifying inter alia the authorization to subscribe to the memorandum of association of the proposed company and to make investment in the proposed company, the number of shares proposed to be subscribed in the body corporate, and the name of the partner authorized to subscribe to the Memorandum;

      (h) the particulars as specified above for subscribers in terms of clause (e) of sub- section (1) of section 7 for the person subscribing for body corporate;

      (i) in case of foreign bodies corporate, the details relating to-

      (i) the copy of the certificate of incorporation of the foreign body corporate; and

      (ii) the registered office address.

       

      Therefore, Both shall be Different.

       

      09-10-2021 / 08:06:53 AM
      Reply
    • When the subscriber to the memorandum is a body corporate, the signing process must be undertaken by a director, officer, or employee duly authorized by a resolution of the board of directors. penalty shooters 2 Importantly, the authorized person should not simultaneously be a subscriber to the memorandum and articles of association.

      21-02-2024 / 09:41:55 AM
      Reply
    Please Select File:



Other Queries from SHALU
Like us on Facebook
Follow Us on Twitter

We are always here to help you. Don’t hesitate to contact us anytime!

+91-9988424211 or ask@compliancecalendar.in