For a public company, the Memorandum of Association (MoA) must be signed by at least seven members (subscribers). This is a legal requirement for the formation and registration of a public company, as specified under the Companies Act, 2013. The subscribers are the initial shareholders who agree to form the company and subscribe to its shares at the time of incorporation
. In summary:
- Public company: Minimum 7 subscribers must sign the MoA.
- Private company: Minimum 2 subscribers must sign the MoA.
- One-person company: Only 1 subscriber is required.
This signing is essential for the company to be registered with the Registrar of Companies (ROC), and the MoA along with the Articles of Association must be duly signed by these subscribers
