Certificate of commencement of Business for FPC

Yes you have to pay penalty

Penalty for Not Obtaining Commencement of Business Certificate

The penalty for non-compliance is very high as under:

Penalty Levied on Company

Any company that does not obtain commencement of business certificate within 180 days of incorporation will be liable for payment of a penalty of Rs.50,000.

Penalty Levied on Directors

Each of the Directors who have defaulted would be liable for payment of a penalty of Rs.1000 per day of default upto a maximum of Rs.1 lakh.

Company Strike-Off

Also, after 180 days of incorporation, if the Registrar has reasonable cause to believe that the company is not carrying on any business or operations, he/she may initiate action for the removal of the name of the company from the register of companies (i.e. Company Strike-off).

Fee for Obtaining Commencement of Business Certificate

The Government fee for obtaining Commencement of Business Certificate is as below:

If a company does not have share capital, a fee of Rs.200 would be applicable. Further, in case of late filing of application for Commencement of Business certificate, additional or higher Government fee as mentioned below would be applicable on top of the penalty payable.

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