if a pvt. co. converts in to a public co. then is it necessary to obtain certificate of commencement of business????????? pls give expalainations with relevent case laws & sections as applicable.
CA chandrakant (Audit Incharge) (30 Points)
25 August 2010if a pvt. co. converts in to a public co. then is it necessary to obtain certificate of commencement of business????????? pls give expalainations with relevent case laws & sections as applicable.
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 25 August 2010
RUPESH CHOUDHURY
(Student)
(484 Points)
Replied 25 August 2010
Dear Chandrakant ji,
Certificate of Commencement is not requried ,but fresh certificate of Incorporation is required.
I ll revert to you with proper section reference later.
Regards,
Rupesh
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 25 August 2010
Dear Friend
Ad per Department Clarification, the provision of section 149 and 165 of the Companies Act, 1956 relating to Certificate of Commencement of Business and the Statutory Meeting would not be applicable to a private company which has converted itself in to Public Company. (Department’s File No. 44/50-CLIV/62)
Regards
CS Ajay Mishra
RUPESH CHOUDHURY
(Student)
(484 Points)
Replied 27 August 2010
Thank u very much CS Ajay Ji.nice job.
CAclubindia
