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Can a Disqualified Director become Subscriber to the Memorandum in a Company to be incorporated, Corporate Laws / SEBI / LLP

Issue Id: - 116688
Dated: 3-9-2020
By:- THYAGARAJAN KALYANASUNDARAM
Can a Disqualified Director become Subscriber to the Memorandum in a Company to be incorporated

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Dear All,

Please clarify the following.

Whether a Disqualified Director can become a Subscriber to the Memorandum in a Company to be incorporated? On reading the act I find no restrictions on the same. However, when I practically tried to fill the spice+ form, I'm not able to Associate the DSC of the person who was disqualified as a director in some other company, for signing the MOA as a subscriber to the memorandum.

Can someone guide me on the Act and practical issues faced while signing the MOA.

Thank you in advance for the help.

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