Section 10: Section 32 of the Companies Act, 2009 is amended as

(a) by repealing and replacing subparagraph (i) of paragraph (c) of subsection (2) with the following new subparagraph- “(i) the list, particulars together with valid identification and the consent of the persons who are to be the first directors of the company.” (b) by inserting a new paragraph immediately after paragraph (f) of subsection (2) as “(g) a declaration that copies of valid Identification of subscribers have been submitted” (c) by repealing and replacing subsection (3) with the following new subsection– “(3) Where the Commission refuses a statutory declaration, it shall give, send to or otherwise inform the declarant of its refusal, giving reasons for the refusal.”