## Policy Analysis Report: Companies Incorporation Second Amendment Rules, 2022
**1. Executive Summary:**
This report analyzes the Companies Incorporation Second Amendment Rules, 2022, based solely on the official notification provided. This amendment modifies the Companies Incorporation Rules, 2014. The core purpose of this amendment is to introduce changes to FORM No. INC-9, Declaration by Subscribers and First Directors and FORM No.INC32 SPICe, specifically regarding declarations related to prior convictions, fraud, and security clearances for directors who are nationals of countries sharing a land border with India. These changes aim to strengthen the integrity of company incorporation processes and address potential security concerns.
**2. Introduction:**
The purpose of this report is to provide an informative analysis of the Companies Incorporation Second Amendment Rules, 2022, as published in the Gazette of India, based strictly on the content of the provided policy text. It aims to clarify the changes introduced, their rationale, and potential impact for the affected industry.
**3. Policy Overview:**
* **Original Policy Being Amended:** The Companies Incorporation Rules, 2014.
* **Core Objective(s) (Inferred from Text):** Based on the provided text, the overarching objective of this amendment is to enhance the due diligence process during company incorporation, specifically regarding the background of subscribers and directors and introduce security considerations for certain directors..
**4. Background and Rationale:**
This is an amendment to existing rules. The specific amendment text suggests a need for enhanced scrutiny during company incorporation. The inclusion of security clearance requirements for directors who are nationals of countries sharing a land border with India indicates concerns related to national security. The additions to the declaration in FORM No. INC-9 point to a desire to ensure that all first subscribers and directors affirm that they have not been convicted of any offence in connection with the promotion, formation or management of any company during the preceding five years; and have not been found guilty of any fraud or misfeasance or of any breach of duty to any company under this Act or any previous company law during the preceding five years
**5. Key Provisions / Changes:**
The Companies Incorporation Second Amendment Rules, 2022, introduces the following key changes:
* **Change to FORM No. INC-9 (Declaration by Subscribers and First Directors):** The entire form is substituted. The new form requires declarations from subscribers and first directors regarding:
* Conviction of any offense in connection with promotion, formation or management of any company during the preceding five years.
* Found guilty of any fraud or misfeasance or of any breach of duty to any company under this Act or any previous company law during the preceding five years.
* Requirement to obtain the Government approval under the Foreign Exchange Management Nondebt Instruments Rules, 2019 prior to subscription of shares.
* **Change to FORM No. INC32 SPICe (Simplified Proforma for Incorporating Company Electronically):** A new declaration is inserted at the end of the declaration section. This declaration pertains to individuals seeking appointment as directors who are nationals of a country sharing a land border with India. The declaration requires indication of whether necessary security clearance from the Ministry of Home Affairs, Government of India, has been obtained. If 'Yes' is selected, a copy of the security clearance must be attached.
The effect of these changes is to mandate additional disclosures and procedures during company incorporation, particularly regarding the background and nationality of directors and subscribers, adding a layer of security oversight.
**6. Target Audience and Stakeholders:**
The primary target audience and stakeholders include:
* Individuals intending to become subscribers or first directors of newly incorporated companies in India.
* Companies seeking incorporation in India.
* The Ministry of Corporate Affairs (MCA) and the Registrar of Companies (ROC).
* Professionals involved in the company incorporation process (e.g., company secretaries, chartered accountants, lawyers).
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Ministry of Corporate Affairs (MCA) is the responsible body, as evidenced by the notification. The Registrar of Companies (ROC) will be responsible for enforcing the amended rules during the incorporation process.
* **Timelines and Procedures:** The amendments come into effect on June 1st, 2022. The procedure will involve ensuring the revised FORM No. INC-9 is correctly filled and submitted. The procedure will also require the declaration regarding the security clearance in FORM No. INC32 SPICe if applicable.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcomes of these specific changes include:
* Enhanced due diligence in the company incorporation process, reducing the risk of individuals with questionable backgrounds from becoming directors or subscribers.
* Increased transparency regarding the nationality of directors, particularly those from countries sharing a land border with India, allowing for greater scrutiny.
* Strengthened national security by implementing a security clearance requirement for relevant directors.
* Potentially longer incorporation times for companies involving directors requiring security clearances.
**9. Conclusion:**
The Companies Incorporation Second Amendment Rules, 2022, represents a significant update to the company incorporation process in India. By introducing more stringent declaration requirements in FORM No. INC-9 and adding a security clearance requirement in FORM No. INC32 SPICe for directors from specific countries, the amendment seeks to bolster due diligence, transparency, and national security within the corporate sector. These changes are likely to have a direct impact on individuals and companies involved in the incorporation process, as well as professionals providing related services.
Key Entities Referenced
New Delhi: Location of notification publication.
Companies Act, 2013: A law under which the notification is issued.
Central Government: The governing body issuing the notification.
Companies Incorporation Rules, 2014: The rules being amended by this notification.
Companies Incorporation Second Amendment Rules, 2022: The title of the amendment rules.
FORM No.INC9: Form name mentioned in the notification.
Sections 71c: Section mentioned in the notification
Companies Declaration by Subscribers and First Incorporation Rules, 2014: Rules name mentioned in the notification
FORM No.INC32 SPICe: Form name mentioned in the notification.
Foreign Exchange Management Nondebt Instruments Rules, 2019: Rules mentioned in the notification
Ministry of Corporate Affairs: The ministry issuing the notification.
Ministry of Home Affairs: The ministry mentioned in the context of security clearance.
Government of India: Mentioned in the context of security clearance.
Delhi: Location of publication
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-20052022-235912
xxxGIDHxxx
CG-DL-E-20052022-235912
xxxGIDExxx
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 346] नई दिल्ली, िुक्रवार, मई 20, 2022/विै ाख 30, 1944
No. 346] NEW DELHI, FRIDAY, MAY 20, 2022/VAISAKHA 30, 1944
कारपोरेट कार् यमत्रं ालर्
अजधसचू ना
नई दिल्ली, 20 मई, 2022
सा.का.जन. 363(अ).—केंद्रीर् सरकार, कंपनी अजधजनर्म, 2013 (2013 का 18) की धारा 469 की उपधारा
(1) और उपधारा (2) के साथ पठित धारा 3, धारा 4, धारा 5 की उपधारा (5) और उपधारा (6), धारा 6, धारा 7 की
उपधारा (1) और उपधारा (2), धारा 8 की उपधारा (1) और उपधारा (2), धारा 12 की उपधारा (2), उपधारा (3),
उपधारा (4) और उपधारा (5) और धारा 13 की उपधारा (3), उपधारा (4) और उपधारा (5) के परंतुक, धारा 14 की
उपधारा (2), धारा 17 की उपधारा (1) और धारा 20 की उपधारा (1) और उपधारा (2) द्वारा प्रित्त िजिर्ों का प्रर्ोग
करते हुए, कंपनी (जनगमन) जनर्म, 2014 में और संिोधन करने के जलए जनम्नजलजखत जनर्म बनाती ह,ै अथायत्:-
1. संजिप्त नाम और प्रारंभ. (1) इन जनर्मों का संजिप्त नाम कंपनी (जनगमन) िसू रा संिोधन जनर्म, 2022 ह।ै
(2) र् े01 िून, 2022 से प्रवृत्त होंगे।
2. कंपनी (जनगमन) जनर्म, 2014 में,
(क). प्ररूप स.ं आईएनसी-9 के स्ट्थान पर, जनम्नजलजखत प्ररूप रखा िाएगा, अथायत:् -
“कंपनी (जनगमन) जनर्म, 2014 के जनर्म 15 और प्ररूप सख्ं र्ा आईएनसी-9
कंपनी अजधजनर्म, 2013 की धारा 7(1)(ग) के
अजभिाताओं और प्रथम जनििे कों द्वारा घोषणा
अनसु रण म ें
3383 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
1. कंपनी का नाम .....................................................................................
2. (क) र्ह घोषणा जनम्न के सबं ंध में ह:ै
वैध डीआईएन वैध डीआईएन न होना
होना
प्रथम अजभिाताओं की कुल संख्र्ा
(गरै -वैर्जिक + वैर्जिक)
गैर-वैर्जिक प्रथम अजभिाताओं की संख्र्ा
वैर्जिक प्रथम अजभिाताओं सह-जनिेिकों की संख्र्ा
कुल जनििे कों की संख्र्ा
(जनिेिक िो अजभिाता + अजभिाता-सह-जनिेिक नहीं ह ैं िसै ा दक
ऊपर पंजि 3 म ें दिर्ा ह)ै
2(ख) गैर-वैर्जिक प्रथम अजभिाताओं का प्राजधकृत व्यजि
I. आर्कर स्ट्थार्ी खाता सख्ं र्ा (पनै ) ....................................
घोषणा
मैं ............................, उपर्ुयि प्रस्ट्ताजवत नाजमत कम्पनी के ज्ञापन-पत्र का अजभिाता होन े के नात े एतिद्वारा
सत्र्जनष्ठा से घोजषत करता ह ूँऔर पुजि करता ह ूँदक :
म ैं जपछल े पाूँच वषों के िौरान दकसी कम्पनी के प्रवतयन, गिन अथवा प्रबंधन के संबंध म ें दकसी अपराध के
जलए िोषी नहीं पार्ा गर्ा ह;ूँ और
मैं जपछले पाूँच वषों के िौरान इस अजधजनर्म अथवा दकसी पवू य कम्पनी कानून के अंतगयत दकसी कम्पनी के
साथ धोखाधड़ी अथवा अपकरण अथवा दकसी कत्तयव्य-भंग का िोषी नहीं पार्ा गर्ा ह;ूँ
मुझे िेर्रों के अजभिान से पवू य जविेिी जवजनमर् प्रबंधन (गरै -ऋण जलखत) जनर्म, 2019 के अधीन पूव य
अनुमोिन प्राप्त करना अपेजित ह,ै और इसे प्राप्त दकर्ा गर्ा ह ैतथा र्ह इसके साथ सलं ग्न है, र्ा
मुझे िेर्रों के अजभिान से पवू य जविेिी जवजनमर् प्रबंधन (गरै ऋण जलखत) जनर्म, 2019 के अधीन पूव य
अनुमोिन लने ा अपेजित नहीं ह;ै और
कम्पनी के रजिस्ट्रीकरण के जलए रजिस्ट्रार को प्रस्ट्तुत दकए गए सभी िस्ट्तावेिों में िी गई सूचना मरे ी
िानकारी तथा जवश्वास के अनसु ार सही एवं पूण य ह ै।
डीएससी डीएससी बॉक्स
2(ग) वैर्जिक प्रथम अजभिाताओं का जववरण (अजभिाता-सह-जनिेिक के अजतठरि)
I. जनिेिक पहचान संख्र्ा (डीआईएन) ....................................................
घोषणा
मैं ............................, उपर्ुयि प्रस्ट्ताजवत नाजमत कम्पनी के ज्ञापन-पत्र का अजभिाता होन े के नात े एतिद्वारा[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3
सत्र्जनष्ठा से घोजषत करता ह ूँऔर पुजि करता ह ूँदक :
म ैं जपछल े पाूँच वषों के िौरान दकसी कम्पनी के प्रवतयन, गिन अथवा प्रबंधन के संबंध म ें दकसी अपराध के
जलए िोषी नहीं पार्ा गर्ा ह;ूँ और
मैं जपछले पाूँच वषों के िौरान इस अजधजनर्म अथवा दकसी पवू य कम्पनी कानून के अंतगयत दकसी कम्पनी के
साथ धोखाधड़ी अथवा अपकरण अथवा दकसी कत्तयव्य-भंग का िोषी नहीं पार्ा गर्ा ह;ूँ
मुझे िेर्रों के अजभिान से पवू य जविेिी जवजनमर् प्रबंधन (गरै -ऋण जलखत) जनर्म, 2019 के अधीन पूव य
अनुमोिन प्राप्त करना अपेजित ह,ै और इसे प्राप्त दकर्ा गर्ा ह ैतथा र्ह इसके साथ सलं ग्न है, र्ा
मुझे िेर्रों के अजभिान से पवू य जविेिी जवजनमर् प्रबंधन (गरै ऋण जलखत) जनर्म, 2019 के अधीन पूव य
अनुमोिन लने ा अपेजित नहीं ह;ै और
कम्पनी के रजिस्ट्रीकरण के जलए रजिस्ट्रार को प्रस्ट्तुत दकए गए सभी िस्ट्तावेिों में िी गई सूचना मरे ी
िानकारी तथा जवश्वास के अनसु ार सही एवं पूण य ह ै।
डीएससी डीएससी बॉक्स
II. आर्कर स्ट्थार्ी खाता सख्ं र्ा (पनै ) ...................................................
घोषणा
मैं ............................, उपर्ुयि प्रस्ट्ताजवत नाजमत कम्पनी के ज्ञापन-पत्र का अजभिाता होन े के नात े एतिद्वारा
सत्र्जनष्ठा से घोजषत करता ह ूँऔर पुजि करता ह ूँदक :
म ैं जपछल े पाूँच वषों के िौरान दकसी कम्पनी के प्रवतयन, गिन अथवा प्रबंधन के संबंध म ें दकसी अपराध के
जलए िोषी नहीं पार्ा गर्ा ह;ूँ और
मैं जपछले पाूँच वषों के िौरान इस अजधजनर्म अथवा दकसी पवू य कम्पनी कानून के अंतगयत दकसी कम्पनी के
साथ धोखाधड़ी अथवा अपकरण अथवा पंिीकरण कत्तयव्य-भंग का िोषी नहीं पार्ा गर्ा ह;ूँ
मुझे िेर्रों के अजभिान से पवू य जविेिी जवजनमर् प्रबंधन (गरै -ऋण जलखत) जनर्म, 2019 के अधीन पूव य
अनुमोिन प्राप्त करना अपेजित ह,ै और इसे प्राप्त दकर्ा गर्ा ह ैतथा र्ह इसके साथ सलं ग्न है, र्ा
मुझे िेर्रों के अजभिान से पवू य जविेिी जवजनमर् प्रबंधन (गरै ऋण जलखत) जनर्म, 2019 के अधीन पूव य
अनुमोिन लने ा अपेजित नहीं ह;ै और
कम्पनी के रजिस्ट्रीकरण के जलए रजिस्ट्रार को प्रस्ट्तुत दकए गए सभी िस्ट्तावेिों में िी गई सूचना मरे ी
िानकारी तथा जवश्वास के अनसु ार सही एवं पूण य ह ै।
डीएससी डीएससी बॉक्स
2(घ) वैर्जिक प्रथम अजभिाता-सह-जनिेिक(कों) का जववरण
I. जनिेिक पहचान संख्र्ा (डीआईएन)
घोषणा
मैं ............................, उपर्ुयि प्रस्ट्ताजवत नाजमत कम्पनी के ज्ञापन-पत्र का अजभिाता होन े के नात े एतिद्वारा
सत्र्जनष्ठा से घोजषत करता ह ूँऔर पुजि करता ह ूँदक :
म ैं जपछल े पाूँच वषों के िौरान दकसी कम्पनी के प्रवतयन, गिन अथवा प्रबंधन के संबंध म ें दकसी अपराध के4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
जलए िोषी नहीं पार्ा गर्ा ह;ूँ और
मैं जपछले पाूँच वषों के िौरान इस अजधजनर्म अथवा दकसी पवू य कम्पनी कानून के अंतगयत दकसी कम्पनी के
साथ धोखाधड़ी अथवा अपकरण अथवा कोई कत्तयव्य-भंग का िोषी नहीं पार्ा गर्ा ह;ूँ
मुझे िेर्रों के अजभिान से पवू य जविेिी जवजनमर् प्रबंधन (गरै -ऋण जलखत) जनर्म, 2019 के अधीन पूव य
अनुमोिन प्राप्त करना अपेजित ह,ै और इसे प्राप्त दकर्ा गर्ा ह ैतथा र्ह इसके साथ सलं ग्न है, र्ा
मुझे िेर्रों के अजभिान से पवू य जविेिी जवजनमर् प्रबंधन (गरै ऋण जलखत) जनर्म, 2019 के अधीन पूव य
अनुमोिन लने ा अपेजित नहीं ह;ै और
कम्पनी के रजिस्ट्रीकरण के जलए रजिस्ट्रार को प्रस्ट्तुत दकए गए सभी िस्ट्तावेिों में िी गई सूचना मरे ी
िानकारी तथा जवश्वास के अनसु ार सही एवं पूण य ह ै।
डीएससी डीएससी बॉक्स
II. आर्कर स्ट्थार्ी खाता सख्ं र्ा (पनै ) ........................................................
घोषणा
मैं ............................, उपर्ुयि प्रस्ट्ताजवत नाजमत कम्पनी के ज्ञापन-पत्र का अजभिाता होन े के नात े एतिद्वारा
सत्र्जनष्ठा से घोजषत करता ह ूँऔर पुजि करता ह ूँदक :
म ैं जपछल े पाूँच वषों के िौरान दकसी कम्पनी के प्रवतयन, गिन अथवा प्रबंधन के संबंध म ें दकसी अपराध के
जलए िोषी नहीं पार्ा गर्ा ह;ूँ और
मैं जपछले पाूँच वषों के िौरान इस अजधजनर्म अथवा दकसी पवू य कम्पनी कानून के अंतगयत दकसी कम्पनी के
साथ धोखाधड़ी अथवा अपकरण अथवा कोई कत्तयव्य-भंग का िोषी नहीं पार्ा गर्ा ह;ूँ
मुझे िेर्रों के अजभिान से पवू य जविेिी जवजनमर् प्रबंधन (गरै -ऋण जलखत) जनर्म, 2019 के अधीन पूव य
अनुमोिन प्राप्त करना अपेजित ह,ै और इसे प्राप्त दकर्ा गर्ा ह ैतथा र्ह इसके साथ सलं ग्न है, र्ा
मुझ े िेर्रों के अजभिान से पवू य जविेिी जवजनमर् प्रबंधन (गरै ऋण जलखत) जनर्म, 2019 के अधीन पूव य
अनुमोिन लने ा अपेजित नहीं ह;ै और
कम्पनी के रजिस्ट्रीकरण के जलए रजिस्ट्रार को प्रस्ट्तुत दकए गए सभी िस्ट्तावेिों में िी गई सूचना मरे ी
िानकारी तथा जवश्वास के अनसु ार सही एवं पूण य ह ै।
डीएससी डीएससी बॉक्स
2(ङ) जनिेिकों का जववरण (प्रथम अजभिाताओं के अजतठरि)
I. जनिेिक पहचान संख्र्ा (डीआईएन) ………………………
घोषणा
मैं ............................, उपर्ुयि प्रस्ट्ताजवत नाजमत कम्पनी के ज्ञापन-पत्र का अजभिाता होने के नात े एतिद्वारा
सत्र्जनष्ठा से घोजषत करता ह ूँऔर पुजि करता ह ूँदक :
म ैं जपछले पाूँच वषों के िौरान दकसी कम्पनी के प्रवतयन, गिन अथवा प्रबंधन के संबंध में दकसी अपराध के जलए
िोषी नहीं पार्ा गर्ा ह;ूँ और
मैं जपछले पाूँच वषों के िौरान इस अजधजनर्म अथवा दकसी पूवय कम्पनी कानून के अंतगयत दकसी कम्पनी के साथ[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 5
धोखाधड़ी अथवा अपकरण अथवा कोई कत्तयव्य-भंग का िोषी नहीं पार्ा गर्ा ह;ूँ और
कम्पनी के रजिस्ट्रीकरण के जलए रजिस्ट्रार को प्रस्ट्तुत दकए गए सभी िस्ट्तावेिों म ें िी गई सूचना मेरी िानकारी
तथा जवश्वास के अनुसार सही एवं पूणय ह ै।
डीएससी डीएससी बॉक्स
II. आर्कर स्ट्थार्ी लेखा संख्र्ा (पनै ) ..........................................................
घोषणा
मैं ............................, उपर्ुयि प्रस्ट्ताजवत नाजमत कम्पनी के ज्ञापन-पत्र का अजभिाता होने के नात े एतिद्वारा
सत्र्जनष्ठा से घोजषत करता ह ूँऔर पुजि करता ह ूँदक :
म ैं जपछले पाूँच वषों के िौरान दकसी कम्पनी के प्रवतयन, गिन अथवा प्रबंधन के संबंध में दकसी अपराध के जलए
िोषी नहीं पार्ा गर्ा ह;ूँ और
मैं जपछले पाूँच वषों के िौरान इस अजधजनर्म अथवा दकसी पूवय कम्पनी कानून के अंतगयत दकसी कम्पनी के साथ
धोखाधड़ी अथवा अपकरण अथवा कोई कत्तयव्य-भंग का िोषी नहीं पार्ा गर्ा ह;ूँ और
कम्पनी के रजिस्ट्रीकरण के जलए रजिस्ट्रार को प्रस्ट्तुत दकए गए सभी िस्ट्तावेिों म ें िी गई सूचना मेरी िानकारी
तथा जवश्वास के अनुसार सही एवं पूणय ह ै।
डीएससी डीएससी बॉक्स ”
(ख) प्ररूप सं. आईएनसी-32 (स्ट्पाइस+) म,ें घोषणा म,ें अंत में जनम्नजलजखत अंतःस्ट्थाजपत दकर्ा िाएगा, अथायत् :-
“मैं, प्रस्ट्ताजवत जनिेिकों की ओर से, एतद्द्वारा घोषणा करता ह ूँ दक जनर्ुजि चाहन े वाला व्यजि दकसी ऐसे ििे का नागठरक
ह,ै जिसकी सीमा भारत के साथ जमलती ह,ै गृह मंत्रालर्, भारत सरकार से आवश्र्क सरु िा अनापजत्त स्ट्वीकृजत के साथ
संलग्न की िाएगी।
O हां O नहीं (र्दि हाूँ, का जवकल्प चनु ा गर्ा ह ै तो सुरिा अनापजत्त की एक प्रजत संलग्न की िानी
ह)ै ”।
[फा. सं. 1/13/2013-सीएल-V, पाट-य IV]
मनोि पाण्डेर्, संर्ुि सजचव
ठटप्पण: मूल जनर्म भारत के रािपत्र, असाधारण, भाग-2, खंड 3, उपखंड (i) में संख्र्ा सा.का.जन.250(अ) तारीख 31 माचय, 2014
द्वारा प्रकाजित दकए गए थे और संख्र्ांक सा.का.जन. 291(अ) तारीख 08 अप्रैल, 2022 द्वारा अंजतम बार संिोजधत दकए गए।
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 20th May, 2022
G.S.R. 363(E).—In exercise of the powers conferred under section 3, section 4, sub-sections (5) and (6) of
section 5, section 6, sub-section (1) and (2) of section 7, sub-sections (1) and (2) of section 8, sub-sections (2), (3), (4)
and (5) of section 12, sub-sections (3), (4) and proviso to sub-section (5) of section 13, sub-section (2) of section 14,
sub-section (1) of section 17, sub-sections (1) and (2) of section 20 read with sub-sections (1) and (2) of section 469 of
the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the
Companies (Incorporation) Rules, 2014, namely:-6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
1. Short title and commencement. - (1) These rules may be called the Companies (Incorporation) Second Amendment
Rules, 2022.
(2) They shall come into force with effect from 1st June, 2022.
2. In the Companies (Incorporation) Rules, 2014,
(a) for FORM No.INC-9, the following Form shall be substituted, namely: -
“Pursuant to Sections 7(1)(c) to the Companies FORM NO. INC-9
Act, 2013 and rule 15 of the Companies
Declaration by Subscribers and First
(Incorporation) Rules, 2014
Directors
1. Name of the Company
2. (a) This declaration is in respect of:
Having valid DIN Not having
valid DIN
Total number of first subscribers
(non-individual + individual)
Number of non-individual first subscriber(s)
Number of individual first subscriber(s) cum director(s)
Total number of directors
(director(s) who is/are not subscriber(s) + subscriber(s) cum
director(s) as mentioned in above Row no. 3)
2(b) Authorized person of non-individual first subscriber(s)
I. Income-tax Permanent Account Number (PAN)
Declaration
I being the subscriber to the memorandum, of the above named proposed company,
hereby solemnly declare and affirm that:
□ I have not been convicted of any offence in connection with the promotion, formation or management of
any company during the preceding five years; and
□ I have not been found guilty of any fraud or misfeasance or of any breach of duty to any company under
this Act or any previous company law during the preceding five years;
□ I am required to obtain the Government approval under the Foreign Exchange Management (Non-debt
Instruments) Rules, 2019 prior to subscription of shares and the same has been obtained, and is enclosed
herewith. or
□ I am not required to obtain the Government approval under the Foreign Exchange Management (Non-debt[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 7
Instruments) Rules, 2019 prior to subscription of shares and
□ All the documents filed with the Registrar for registration of the company contain information that is
correct and complete and true to the best of my knowledge and belief.
DSC
DSC BOX
2(c) Particulars of individual first subscriber(s) (other than subscriber cum director)
I. Director Identification Number (DIN)
Declaration
I being the subscriber to the memorandum, of the above named proposed company,
hereby solemnly declare and affirm that:
□ I have not been convicted of any offence in connection with the promotion, formation or management of
any company during the preceding five years; and
□ I have not been found guilty of any fraud or misfeasance or of any breach of duty to any company under
this Act or any previous company law during the preceding five years;
□ I am required to obtain the Government approval under the Foreign Exchange Management (Non-debt
Instruments) Rules, 2019 prior to subscription of shares and the same has been obtained, and is enclosed
herewith. or
□ I am not required to obtain the Government approval under the Foreign Exchange Management (Non-debt
Instruments) Rules, 2019 prior to subscription of shares and
□ All the documents filed with the Registrar for registration of the company contain information that is
correct and complete and true to the best of my knowledge and belief.
DSC
DSC BOX
II. Income-tax Permanent Account Number (PAN)
Declaration
I being the subscriber to the memorandum, of the above named proposed company,
hereby solemnly declare and affirm that:
□ I have not been convicted of any offence in connection with the promotion, formation or management of
any company during the preceding five years; and
□ I have not been found guilty of any fraud or misfeasance or of any breach of duty to any company under
this Act or any previous company law during the preceding five years;
□ I am required to obtain the Government approval under the Foreign Exchange Management (Non-debt
Instruments) Rules, 2019 prior to subscription of shares and the same has been obtained, and is enclosed
herewith. or8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
□ I am not required to obtain the Government approval under the Foreign Exchange Management (Non-debt
Instruments) Rules, 2019 prior to subscription of shares and
□ All the documents filed with the Registrar for registration of the company contain information that is
correct and complete and true to the best of my knowledge and belief.
DSC
DSC BOX
2(d) Particulars of individual first subscriber(s) cum directors
I. Director Identification Number(DIN)
Declaration
I being the subscriber to the memorandum and named as first director in the articles, of
the above named proposed company, hereby solemnly declare and affirm that:
□ I have not been convicted of any offence in connection with the promotion, formation or management of
any company during the preceding five years; and
□ I have not been found guilty of any fraud or misfeasance or of any breach of duty to any company under
this Act or any previous company law during the preceding five years;
□ I am required to obtain the Government approval under the Foreign Exchange Management (Non-debt
Instruments) Rules, 2019 prior to subscription of shares and the same has been obtained, and is enclosed
herewith. or
□ I am not required to obtain the Government approval under the Foreign Exchange Management (Non-debt
Instruments) Rules, 2019 prior to subscription of shares and
□ All the documents filed with the Registrar for registration of the company contain information that is
correct and complete and true to the best of my knowledge and belief.
DSC
DSC BOX
II. Income-tax Permanent Account Number (PAN)
Declaration
I being the subscriber to the memorandum and named as first director in the articles, of
the above named proposed company, hereby solemnly declare and affirm that:
□ I have not been convicted of any offence in connection with the promotion, formation or management of
any company during the preceding five years; and
□ I have not been found guilty of any fraud or misfeasance or of any breach of duty to any company under
this Act or any previous company law during the preceding five years;
□ I am required to obtain the Government approval under the Foreign Exchange Management (Non-debt
Instruments) Rules, 2019 prior to subscription of shares and the same has been obtained, and is enclosed
herewith. or
□ I am not required to obtain the Government approval under the Foreign Exchange Management (Non-debt
Instruments) Rules, 2019 prior to subscription of shares and
□ All the documents filed with the Registrar for registration of the company contain information that is
correct and complete and true to the best of my knowledge and belief.
DSC
DSC BOX[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 9
2(e) Particulars of directors (other than first subscribers)
I. Director Identification Number(DIN)
Declaration
I being named as first director in the articles, of the above named proposed company,
hereby solemnly declare and affirm that:
□ I have not been convicted of any offence in connection with the promotion, formation or management of
any company during the preceding five years; and
□ I have not been found guilty of any fraud or misfeasance or of any breach of duty to any company under
this Act or any previous company law during the preceding five years; and
□ All the documents filed with the Registrar for registration of the company contain information that is
correct and complete and true to the best of my knowledge and belief.
DSC
DSC BOX
II. Income-tax Permanent Account Number (PAN)
Declaration
I being named as first director in the articles, of the above named proposed company,
hereby solemnly declare and affirm that:
□ I have not been convicted of any offence in connection with the promotion, formation or management of
any company during the preceding five years; and
□ I have not been found guilty of any fraud or misfeasance or of any breach of duty to any company under
this Act or any previous company law during the preceding five years; and
□ All the documents filed with the Registrar for registration of the company contain information that is
correct and complete and true to the best of my knowledge and belief.
DSC DSC BOX”.
(b) in FORM No.INC-32 (SPICe+), in Part-B, in Declaration, the following shall be inserted at the end, namely:-
“I, on behalf of the proposed directors, hereby declare that person seeking appointment is a national of a country
which shares a land border with India, necessary security clearance from Ministry of Home Affairs, Government of
India shall be attached with the consent. O Yes O No. (if yes is opted, a copy of the security clearance is to be
attached)”.
[F. No. 1/13/2013-CL-V, Vol.IV]
MANOJ PANDEY, Jt. Secy.
Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, section 3, sub-section(1) vide
number G.S.R.250(E) dated the 31st March, 2014 and last amended, vide number 291 (E) dated the 8th April, 2022.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.