Justify the following statement:Subscribers to the Memorandum of Assoc – InterviewSolution

1.	Justify the following statement:Subscribers to the Memorandum of Association are the first members of the Company.
Answer» There are different ways for the acquisition of membership in a company. Subscribing to Memorandum of Association is one is of the way of acquiring membership in a company, Subscribers to the Memorandum of Association of companies are different in different cases i.e. Seven (7) members in the case of a Public Company, Two (2) members in the case of a Private company, and One (1) in case of One Person Company. Thus, I agree with the above statement.

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