Certificate of commencement of business
This query is : Resolved
30 July 2011
Hi , I am working in a Bank , Today we have gone through a disbursement process , where our operation department ask a Commencement of Business certificte of a Ltd company , as per CS of that company this company is basically a pvt ltd com and converted in to LTD company hence not require Certificate Of Commencement of Business , plz give me exact section reference so that i can present my claim againts operation department
30 July 2011
Section 149 of Companies Act applies on the same.
Please go through the same.
Please go through the same.
30 July 2011
i have read it but there nothing is mentioned about converted company...
30 July 2011
Your CS is correct. Pl refer department's clarification no. 44/50-CL-IV/62 which is reproduced below.
"THE PROVISIONS OF SECTIONS 149 AND 165 OF THE COMPANIES ACT,1956 RELATING TO CERTIFICATE OF COMMENCEMENT OF BUSINESS AND STATUTORY MEETING WOULD NOT BE APPLICABLE TO A PRIVATE COMPANY WHICH HAS CONVERTED ITSELF INTO A PUBLIC COMPANY".
"THE PROVISIONS OF SECTIONS 149 AND 165 OF THE COMPANIES ACT,1956 RELATING TO CERTIFICATE OF COMMENCEMENT OF BUSINESS AND STATUTORY MEETING WOULD NOT BE APPLICABLE TO A PRIVATE COMPANY WHICH HAS CONVERTED ITSELF INTO A PUBLIC COMPANY".
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