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Question

Number of members who should sign the MOA in case of private company is ____________.

A
1
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B
2
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C
3
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D
4
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Solution

The correct option is D 2
Association clause of MOA contains the names of signatories to the memorandum of association. The memorandum must be signed by at least two persons in case of private limited company. Each subscriber must take at least one share in the company . The subscribers declare that they agree to incorporate the company and agree to take the shares stated against their names. The signatures of subscribers are attested by at least one witness each. The full addresses and occupations of subscribers and the witnesses are also given.

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