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CMA Intermediate · Business Laws and Ethics · Company Types, Promotion, Formation and Related Procedures

Which of the following professionals is NOT named in section 7(1)(b) as one who may give the declaration that all registration requirements have been complied with, as the person engaged in the formation of the company?

An income-tax practitioner is not named. Section 7(1)(b) permits the compliance declaration from an advocate, chartered accountant, cost accountant or company secretary in practice who is engaged in forming the company, together with a person named in the articles as director, manager or secretary.

  1. AAn advocate
  2. BA cost accountant in practice
  3. CA company secretary in practice
  4. DAn income-tax practitionerCorrect

Explanation

Section 7(1)(b) lists an advocate, a chartered accountant, cost accountant or company secretary in practice engaged in the formation of the company. An income-tax practitioner is not listed, so option D is the one that cannot give the declaration.

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