Affidavit for non-acceptance of deposits

This query is : Resolved

ARTHI (Querist)
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25 September 2015 Dear Friends / Experts,

Please guide me on the following, IF POSSIBLE:

I am in the process of preparing documents for company incorporation.

Query

Whether we need to mandatorily attach AFFIDAVIT for non-acceptance of deposits in Form INC-7 for a Private Limited Company, for which the proposed Paid-up Capital shall be Rs.1 Lac only or can we ignore it due to recent exemption by MCA.

Your reply, please..............

Thanks in advance for possible replies from all concerned.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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26 September 2015 Affidavit as per MCA Circular 11/2013 dated 29/05/2013 issued under Companies Act,1956 is not required while incorporating a company under Companies Act,2013.

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