Under Companies Act, 1956 Company can start its business after taking Certificate of Incorporation, but now under new Companies Act, 2013 a Company can start its business only after taking Certificate of Commencement.
so, can a Company can allot share shares to new shareholder after company is incorporated or new shares can be alloted after taking Certficate of Commencement.
Allotment of shares is not considered as commencement of business. Hence we can allot shares even before getting certificate of commencement of business.
O P Bagla & Co LLP
New Delhi
CA Inter
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Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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T R SOOD & CO
New Delhi
CA Inter
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CAclubindia
