BUSINESS COMMENCEMENT BY COMPANY
Limited Company can Commence Business activities only after filing a declaration to the Registrar that every subscriber to memorandum has brought the subscribed capital and filing of verification of registered office address.
Overview – Commencement Business by Limited Company
A company incorporated on or after 02.11.2018 and having a share capital shall commence any business or exercise any borrowing powers only after complying the following requirements:
- Filing a declaration with the Registrar of Companies that every subscriber to the memorandum has paid the value of the shares agreed to be taken by him on the date of such declaration. This declaration has to be filed by the company within a period of 180 days of the date of incorporation of the company.
Is Business Commencement applicable to all companies?
Why is Business Commencement applicable private companies?
What is the time line for filing declaration for Business Commencement?
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