Companies Not Required to Submit Subscriber Details to Registrar, Even if Directors, u/s 303(2.
Companies are not obligated to submit a return to the Registrar of Companies containing details of the subscribers to the memorandum, even if these subscribers are considered directors under section 254. This clarification is provided under section 303(2), which does not impose such a requirement.
Full Summary is availble for active users!
Note: It is a system-generated summary and is for quick
reference only.