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CSEET · Business Laws and Management · Elements of Company Law

Which of the following persons is required to make the declaration, in the prescribed form, that all requirements of the Act and the rules regarding registration have been complied with, along with a person named in the articles as director, manager or secretary?

The declaration of compliance is made by an advocate, chartered accountant, cost accountant or company secretary in practice who is engaged in the formation of the company, together with a person named in the articles as director, manager or secretary. Subscribers or auditors do not give it.

  1. AAn advocate, chartered accountant, cost accountant or company secretary in practice engaged in the formation of the companyCorrect
  2. BAny subscriber who holds the largest number of shares
  3. CThe auditor of the company appointed at the first meeting
  4. DA Tribunal member nominated by the Registrar

Explanation

Section 7(1)(b) requires a declaration by an advocate, chartered accountant, cost accountant or company secretary in practice engaged in the formation of the company, and by a person named in the articles as director, manager or secretary. Subscribers, auditors and Tribunal members are not named for this declaration.

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