Business Commencement of Company
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The company is required to commence the business of the company within 180 days from the date of incorporation.
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Business Commencement of Company
The company is required to commence the business of the company within 180 days from the date of incorporation.
It required for every type of company. If the company failed to commence the business of company since incorporation then the RoC have the power to strike of the name of company from the its register
This concept was introduced by the on 2nd day of November 2018 by inserting the Section 10A in the companies act 2013
Lawful Description of Certificate of Commencement of Business
Section 10A of Companies Act 2013 states that every company is required to get the CERTIFICATE OF COMMENCEMENT OF BUSINESS from the MCA register by the RoC on or after 02nd day of November 2018
It is a declaration filled by the company or its any one of the director in E-FORM INC-20A certified by the professional within the period of 180 days with the Registrar of Companies that the every subscriber to the Carborundum had deposited the value of shares of company subscribe by him with the company.
Documents Required
How to Register
Following are the steps to get Business Commencement Letter in India.
Fill up a simple form on our website providing basic information
Our Executive will call you
Provide relevant documents online and we will file them with relevant authorities.
We will get your Business Commencement of Company.
FAQ
As per Companies (Amendment) Ordinance, 2018, all companies having share capital & registered in India, must to obtain Business Commencement Letter or Certificate before commencing any type of business. This act take effects from 2nd November 2018 therefore any type of company incorporated after 2nd November 2018 or after this act would be required to obtain Business Commencement Letter or Certificate.
Ans: Any company which have not obtained the commencement of business certificate within 180 days of incorporation,they are liable for payment of a penalty of Rs. 50,000/-. Each of the Directors who have defaulted would be liable for payment of a penalty of Rs.1,000/- per day of default up to a maximum of Rs.1 lakh.
| Sl. No | Delay | Additional Fee as times of Normal filing fee |
|---|---|---|
| 1. | Delay up to 30 Days | 2 Times |
| 2. | More than 30 days and up to 60 days | 4 Times |
| 3. | More than 60 days and up to 90 days | 6 Times |
| 4. | More than 90 days and up to 180 days | 10 Times |
| 5. | More than 180 days | 12 Times |
This is a legal requirement, as without filing declaration for commencement of business you can not start any business activity. Non filing not only results in a heavy penalty but it also leads to closure of the company.
Packages for Private Limited Company Registration
aBITE PACK
- DSC for Two Director
- DIN for Two Director
- Name approval of the Company
- MOA & AOA for the Company
- Certificate of Incorporation (COI)
- PAN Number for the company
- TAN Number for the company
- FREE ACCOUNTING APP
2 BITE PACK
- DSC for Two Director
- DIN for Two Director
- Name approval of the Company
- MOA & AOA for the Company
- Certificate of Incorporation (COI)
- PAN Number for the company
- TAN Number for the company
- FREE ACCOUNTING APP
- MSME REGISTRATION
- CURRENT ACCOUNT OPENING
Z BITE PACK
- DSC for Two Director
- DIN for Two Director
- Name approval of the Company
- MOA & AOA for the Company
- Certificate of Incorporation (COI)
- PAN Number for the company
- TAN Number for the company
- FREE ACCOUNTING APP
- MSME REGISTRATION
- CURRENT ACCOUNT OPENING
- GST REGISTRATION
Compare Forms of Business
| Features | Proprietorship Firm | Partnership Firm | LLP | Private Limited Company | OPC |
|---|---|---|---|---|---|
| Limited Liability |
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| Separate legal entity |
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| Number of members | 1 | 2 – 20 | 2 – unlimited | 2 – 200 | 1 |
| Number of Directors /DP | N/A | N/A | 2 – unlimited | 2 – 15 | 1 – 15 |
| Foreign Investment (FDI) |
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| Ownership Transfer-ability |
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| Perpetual Existence |
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| Tax Benefits | GOOD | LOW | LOW | EFFECTIVE | EFFECTIVE |
| Statutory Compliance | VERY LESS | MINIMUM | AVERAGE | HIGH | HIGH |
| Formation Cost | 899/- | 5899/- | 6499/- | 6999/- | 6599/- |
| Call us:- +91 8764369079 | Know More | Know More | Know More | Know More | Know More |
