Certificate of commencement of business

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.

Replies (1)

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

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