Which professional engaged in the formation of a company may make the declaration of compliance under section 7(1)(b) of the Companies Act, 2013?
Question and options
Which professional engaged in the formation of a company may make the declaration of compliance under section 7(1)(b) of the Companies Act, 2013?
A registered valuer
A cost accountant in practice
An insolvency professional
A SEBI-registered merchant banker
Answer and explanation
Section 7(1)(b) of the Companies Act, 2013 requires a declaration of compliance with the incorporation requirements by an advocate, a chartered accountant, a cost accountant or a company secretary in practice engaged in the formation, and by a person named in the articles as a director, manager or secretary. Registered valuers, insolvency professionals and merchant bankers are not among the professionals the section lists.
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