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Explain subscriber clause of MOA.

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This clause contains names of signatories to the MOA. The association clause contains a declaration by the subscribers as “We the several persons whose name and address are subscribed, are desirous of being formed into a company.” Such declaration must be signed by at least seven persons in case of a public company or 2 persons in case of a private company and by 1 person in case of OPC. The signatures of the subscribers must be attested by at least one witness each.

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