Filing of affidavit by first subscribers at time of incorporation of Co. has been done away with: MC

Filing of affidavit by first subscribers to the memorandum and persons named as the first directors of the proposed company at the time of its incorporation was dispensed with as per the Companies (Incorporation) Third Amendment Rules w.e.f. 27.07.2018, and, accordingly, the MCA has directed stakeholders that only declaration by first subscriber(s) and director(s) in INC-9 is mandatory and affidavit is NOT required to be filed while filing SPICe Form.

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