MANDATORY TO OBTAIN CERTIFICATE OF COMMENCEMENT OF BUSINESS FOR REGISTERED COMPANIES:
It is applicable on all kind of companies.
Companies registered on or after November 02, 2018 is required to file the declaration for commencement of business with the Registar of companies.
Time limit :
The decleration for commencement of business shall be filled within 180 days from the date of getting CERTIFICATE OF INCORPORATION.
PENALTY IF NOT FILED THE ABOVE MENTIONED FORM:
• Company is liable to pay Rs 5000
• Directors is liable to pay Rs 1000 Per day and maximum 1 lacs after expiration of 180 days from the date of registration.
CONSEQUENCES IF FORM IS NOT FILED WITHIN TIME-
• Company cannot start his business
• Company cannot borrow money
• Company will be closed by the Registrar of Companies.
• Department will remove of name of the company from the Registrar of Companies.