Company incorporation declarations updated: subscribers and directors must disclose convictions, FEMA approval status and border-country security clearance. The amendment substitutes Form INC-9 to require DIN and PAN particulars, DSC authentication, declarations of no convictions or findings of fraud or misfeasance in the preceding five years, confirmation regarding necessity and procurement of Government approval under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 for share subscription, and truthfulness of Registrar filings; and inserts into Form INC-32 (SPICe+) a disclosure requiring attachment of Ministry of Home Affairs security clearance where the appointee is a national of a country sharing a land border with India.
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Provisions expressly mentioned in the judgment/order text.
Company incorporation declarations updated: subscribers and directors must disclose convictions, FEMA approval status and border-country security clearance.
The amendment substitutes Form INC-9 to require DIN and PAN particulars, DSC authentication, declarations of no convictions or findings of fraud or misfeasance in the preceding five years, confirmation regarding necessity and procurement of Government approval under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 for share subscription, and truthfulness of Registrar filings; and inserts into Form INC-32 (SPICe+) a disclosure requiring attachment of Ministry of Home Affairs security clearance where the appointee is a national of a country sharing a land border with India.
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