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Certificate of commencement of business

NEHA MISHRA (ACS) (111 Points)

12 November 2013

Dear Members, Kindly guide me how to obtain the COB on incorporation of Public Ltd. Co. . What documents needs to file. If any draft available kindly send to me.Whether it requires any physical submission of documents at ROC. KINDLY GUIDE.

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CS BHAVIN SHETH (MANAGER-Company Secretary) (131 Points)
Replied 12 November 2013

Dear Neha,

As per my knowledge, please check whether company has issued prospectus or not:

1) if yes than :

A) Issue prospectus

B) Minimum subscripttion

c) Directors must pay on the shares taken up or contracted against cash payment or have paid a proportion payable on application and allotment

d) Listing: where shares are to be quoted on stock exchange necessary application must be submitted to it and get apporved within prescribed time.

E) Allotement of share issued

F) Declaration : E-form 19 with stamp duty regarding clauses a,b,c of section 149

G) obtain COB

For Comapny which has not issued any prospectus:

Procedure for commencement of business:

1) Directors must pay on the shares taken up or contracted against cash payment or have paid a proportion payable on application and allotment.

2) Statement in lieu of prospectus;- File a statement in lieu of prospectus.The statement shall bein the prescibed for mand contain particulars given in Part 1 ofschedule 3 to the act. The statement will be accompanied by reports specified in Part2 of schedule 3

file the statement at least 3 days before th first allotment

3) Declaration :- File a declaration in e-form 20 on the stamp paper of requisite valvue as required by the stamp act of respective state with registrar. it is regarding sub-section (2) of section 149 has been complied with.

4) Obtain COB from registrar

With Best regards

BHAVIN SHETH