Discuss (b) subscription clause

The document: the company's constitution's outer shell — the charter that states the company's identity and powers: the name (the "Ltd."/"Pvt. Ltd." suffix discipline), the registered office's situation, the objects (the purposes — the ultra viires doctrine's source (Unit 3.3): the acts beyond the objects' field the classical voidness), the liability clause (the limited-by-shares declaration), the capital clause (the authorised share capital), the subscription clause (the founders' signatures — the first members' undertaking). The nature: the memorandum as the PUBLIC document (the constructive notice's object — Unit 3.4); the alteration's discipline (the objects clause's amendment by the special resolution within the Act's limits — the investors' bargain protected); the memorandum's supremacy over the articles (the conflict's resolution rule).