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CSEET · Business Laws and Management · Elements of Company Law

Which of the following statements about the declaration under Section 7(1)(b) is correct? I. It may be given by an advocate, chartered accountant, cost accountant or company secretary in practice engaged in the formation of the company. II. It must also be made by a person named in the articles as a director, manager or secretary of the company. III. It states that all requirements of the Act and rules regarding registration and matters precedent or incidental thereto have been complied with.

All three statements are correct. The declaration is made by the professional engaged in formation, such as an advocate, CA, cost accountant or practising company secretary, and by a person named in the articles as director, manager or secretary, confirming compliance with registration requirements.

  1. AI and II only
  2. BII and III only
  3. CI and III only
  4. DI, II and IIICorrect

Explanation

Section 7(1)(b) requires a declaration by the professional engaged in formation and by a person named in the articles as director, manager or secretary, stating that all registration requirements have been complied with. All three statements match this text.

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