Commencement of business private company
DHIRAJ JOHN MATTAM (NIL) (73 Points)
31 August 2021
Can a private company commence business after incorporation
6 Replies
CS Richa Sharma
(company secretary)
(2221 Points)
Replied 01 September 2021
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,
DHIRAJ JOHN MATTAM
(NIL)
(73 Points)
Replied 01 September 2021
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.
CS Divesh Goyal
(Practicing Compnay Secretary)
(52055 Points)
Replied 06 September 2021
Any Company can commence business only after filing of "Declaration of Commencement of Business".
CS Divesh Goyal
(Practicing Compnay Secretary)
(52055 Points)
Replied 06 September 2021
Untill you dont file 20A you cant remove the same.
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 03 November 2021
Agree with above comment
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