what is association and subscription clause ? kya tum online ho?
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The sixth and final clause of the MOA. It state the purpose of the subscribers to incorporate the company, agreeing to take the shares in the company based on the number written in the Memorandum. The shares agreed to be taken by each subscriber.
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The association clause provides confirmation that all individuals that have signed at the bottom of the memorandum of association intend to be a part of the company.
Subscription Clause: The sixth and final clause of the MOA, the subscription clause, should state the purpose of the subscribers to incorporate the company, agreeing to take the shares in the company based on the number written in the Memorandum.
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