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Comapany incorporation

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06 June 2018 In the incorporation of a Chit Fund Company Spice form send for re submission for the following reason

If the proposed company is doing the business of chit fund, money changers, insurance, forex, micro-finance, housing
finance, venture capital, asset management, investment advisor etc. activities, then declaration as per the proviso
to rule 12 of the Companies (Incorporation) Rules, 2014 is to be given and it should be signed by all the
subscribers.

Whta is the declaration under Proviso to Rule 12 of the Companies incorporation rules 2014. Is their any format ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 June 2018 Rule 12 says a declaration stating that registration or approval, as the case may be, from RBI /SEBI / such other regulator shall be obtained by the proposed company
before pursuing such objects.

There is no format prescribed by MCA.
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