MANDATORY TO OBTAIN CERTIFICATE OF COMMENCEMENT OF BUSINESS FOR REGISTERED 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.