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V.S. Datey on Companies Act, 2013
  • Renouncement of shares bu initial subscriber

    by SRINATH on Tuesday, September 17, 2019 at 05:56 PM

    Can a subscriber to MoA renounce his subscription in favor of a third party without paying the subscription amount immediately after the company is incorporated

    Replied byV.S. Datey Thursday, September 19, 2019 at 09:35 AM

    no such specific provision at all - in fact renunciation is not envisaged by original subscribers at all V S Datey

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