08-11-2009, 03:23 AM
Hi I think I may add something additional to your first question.
-A subscriber to Memorandum of Association ("MoA") and Articles of Association ("AoA") is the person who, by signing the subscription pages of MoA and AoA, agrees to become the first member of the proposed company and is, therefore, bound by the provisions of MoA, AoA and the applicable statutory provisions. A subscriber may be a natural person or a legal person. -A person becomes a subscriber to MoA when he signs this document and the proposed company has actually been registered with SECP. Upon the incorporation of a company, a subscriber is required by law to subscribe to its shares only if the company is one of the kinds having share capital. In such case, subscribers shall buy the number of shares as they have undertaken to subscribe in the subscription pages of MoA and AoA. -In practice, subscribers are not necessarily the promoters or the founders of the company.
-A subscriber to Memorandum of Association ("MoA") and Articles of Association ("AoA") is the person who, by signing the subscription pages of MoA and AoA, agrees to become the first member of the proposed company and is, therefore, bound by the provisions of MoA, AoA and the applicable statutory provisions. A subscriber may be a natural person or a legal person. -A person becomes a subscriber to MoA when he signs this document and the proposed company has actually been registered with SECP. Upon the incorporation of a company, a subscriber is required by law to subscribe to its shares only if the company is one of the kinds having share capital. In such case, subscribers shall buy the number of shares as they have undertaken to subscribe in the subscription pages of MoA and AoA. -In practice, subscribers are not necessarily the promoters or the founders of the company.
