Business Studies, asked by sebastisoreng355, 7 months ago

what is subscription clause ?​

Answers

Answered by prachi0101
0

Answer:

It is the last (sixth) clause in the memorandum. It contains the names and addresses of the first subscribers. The subscribers to the Memorandum must take at least one share. The minimum number of members is two in case of a private company and seven in case of a public company.

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