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Commencement of business private company
Can a private company commence business after incorporation
Replies (6)
Yes, a private limited company not having share capital may commence its business activities immediately after obtaining the certificate of incorporation from the concerned Registrar of Companies.
BUT if a Company having share capital, then a certificate of business commencement has to be obtained within 180 days from the date of incorporation and an eForm INC-20A has to be filed with the concerned ROC (Registrar Of Companies) regarding the same,
Yes...
In my situation, share holders not introduced capital to bank account but they spended amount for office construction and conducted sales and purchase through bank account. later on they introduced capital.
Any Company can commence business only after filing of "Declaration of Commencement of Business".
Untill you dont file 20A you cant remove the same.
Agree with above comment
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