Company Registration

This query is : Resolved

chippy as (Querist)
Follow

25 November 2019 Is there any restriction regarding commencement of business after getting registration under The Companies Act 2013? Within how many days one should start operation once get registered ?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
Follow

25 November 2019 No. Every company incorporated on and after 2nd November 2018 must apply for issuance of another certificate known as The Certificate of Commencement of Business by filing a declaration in Form INC-20A before starting any business or operation or even entering into any kind of agreement of commercial nature. Only after issuance of this certificate, the company can do any business activity.

Message likes : 1 times

chippy as

chippy as (Querist)
Follow

25 November 2019 Thank you Sir

If there is any consequences if the company do not commence its operation for one year after getting registration ?

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
Follow

28 November 2019 ROC may remove the name of a company from the register of companies in terms of sub-section (1) of section 248 of the Act.

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
Follow

28 November 2019 ROC may remove the name of a company from the register of companies in terms of sub-section (1) of section 248 of the Act.

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