commencement of business
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2010
whether there is any time limit for appliyng for the certificate of commencement of business.
Ajay Mishra
(Expert)
18 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.
Regards
CS Ajay Mishra
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.
Regards
CS Ajay Mishra
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