Avail 50% discount on all online CA classes for Nov Exam(access till Nov 20th). Use coupon code NOV15

close x
Home > Experts > Corporate Law > Certificate of Commencement of Business

Please Wait ..

to your account


Remember Me | Forgot your password?


Sign-up now

Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.

Alternatively, you can log in using:

Certificate of Commencement of Business (Corporate Law)

Report Abuse
This query is : Resolved

( Author )
26 November 2009

we have incorporated a public limited company in 2008.

but before taking certificate of Commencement of Business we have started business and opened Bank account the last date for taking certificate is July,2009

Plz suggest whether we have to close the Bank account and take certificate of commencement of business or closure of the company.
and also suggest implications for not taking certificate of commencement of business.


( Expert )
27 November 2009

You are not required to close the bank account. However, please understand that the activites before obtaining the certificate of commencement of business would be considered pre-operative.

There is a time period of six months of incorporation within which you have to obtain commencement certificate. If you don't do that, the ROC has the powers to strike off the name of your company.

Ajay Mishra

( Expert )
25 December 2010


Requirement for Obtaining Certificate of Commencement of Business

A public limited company having share capital can not commence business until it has obtained the certificate to commence business from the ROC.
Normally, when a public company is incorporated, it may take sometime before it decide to make a public cooer and issue of prospectus. However, a new company will comply with the required formalities and obtain the COB from ROC as soon as possible after formation because it can not commence any business activities or exercise its borrowing powers without it.

In short, there is no time limit for obtaining COB from ROC.

CS Ajay Mishra



You need to be the querist or approved CAclub expert to take part in this query .

Click here to login ( Members Login ) now

Similar Resolved Queries :


Quick Links

back to the top