Dear Mr. Rajeev,
At the outset, i would like to wish all the members a very Happy and Prosperous New year 2011.
Coming to the Rajeev's point, followings the clarification;
Form 2 is not at all required to be filed at the time of subscripttion of shares, however for all the further allotments irrespective whether he is a subscriber or not, form 2 shall be filed with ROC.
As far as declaration is concerned, form 1 itself is a declaration of incorporation of a company and the initial capital is intended to be brought by subscribers as such form 2 is not required to be filed for that. Further they are deemed members and shareholders of the Company as they subscribe MOA and file other incorporation documents with ROC.
Regards,
CS Nitesh Agarwal