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Statement in lieu of prospectus

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(Querist)
11 July 2012 Hello Sir/Mam,

For obtaining a certificate to commence business, the following actions are required to be taken:—
(i) the company shall file with the Registrar a statement in lieu of prospectus electronically in the form given in Schedule III to Act together with the e-Form 62.

MY QUESTION IS THAT WHETHER THERE IS ANY TIMELIMIT SPECIFIED IN ACT WITHIN WHICH A PUBLIC LIMITED COMPANY SHOULD FILE SLP IN E-FORM 62 AFTER GETTING CERTIFICATE OF INCORPORATION?
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Ajay Mishra

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Ajay Mishra (Expert)
11 July 2012 Hi

No, time limit is not specified. A new company will comply with the required formalities and obtain the COB from the Registrar as soon as possible after formation because it can not commence any business activities or exercise its borrowing power. So it will depend on the company that when they will get COB.
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