Subscriber

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Updated: Aug 20, 2021

A person who puts his name to the memorandum of association of a company. Subscribers must be named and described (they may be minors or aliens) and their signatures must be witnessed. Their duties are to pay for their shares, to sign the articles of association, to appoint the first directors and to act for the directors until they are appointed. The subscriber becomes a member by signing; neither allotment nor registration is necessary. He must take his share directly from the company and not from another subscriber.

Reference: The Penguin Business Dictionary , 3rd edt.



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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.