Analysis of Rule 15 of The Companies (Incorporation) Third Amendment Rules, 2018 By CS Priya Dua


Rule 15 before amendment: 

An affidavit from Subscribers and First Directors

For the purposes of clause (c) of sub-section (1) of section 7, the affidavit shall be submitted by each of the subscribers to the memorandum and each of the first directors named in the articles in Form No.INC.9.

After Amendment:

Declaration from Subscribers and First Directors

For the purposes of clause (c) of sub-section (1) of section 7, the declaration shall be submitted by each of the subscribers to the memorandum and each of the first directors named in the articles in Form No.INC-9.

CONCLUSION:

In Form No. INC-9,

For the word 'Affidavit', the word 'Declaration' shall be substituted.

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