I have a simple query ,,is there any time limit for applying for Certificate of Commence ment after getting COI??
Regards
Neeta
2 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 26 February 2010
There is no time limit specified.
Normally, when a public company is incorporated, it should comply with the required formalities and obtain the commencement of business certificate from the Registrar as soon as possible after formation because it cannot commence any business activities or exercise its borrowing powers without it.
HARDIK
(COMPANY SECRETARY NCFM (Corporate Governance ))
(664 Points)
Replied 26 February 2010
I agree with ankur so its better to obtain certificate of commencement of business.
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