Steps required for obtaining certificate of commencement of business:

The company having a share capital has issued prospectus:

certificate

  • Allot the shares at least equal to the amount of minimum subscription
  • Have the application and allotment money paid by the directors on the shares taken or contracted to be taken by them having been paid in cash at least to the extent such moneys are payable by the public.
  • Obtain or apply for permission for dealing in the shares or debentures on the recognized stock exchange so that the moneys of the applicants for shares or debentures do not become refundable.
  • File a declaration in form no 19 duly verified by one of the directors or the secretary or where the company has not appointed a secretary, by a secretary in whole time practice with the registrar of companies to the effect that the aforesaid three conditions have been compiled with.
  • Pay the stamp duty as prevalent in the state in which the company is registered according to the Indian stamp act.
  • Attach a treasury Challan to the declaration evidencing the payment of the requisite fees prescribed under the companies act and in accordance with the rule of the Companies general rule and forms.
  • The registrar will then issue the certificate of commencement of business.

The company having a share capital has not issued prospectus:

  • Have the application and allotment moneys paid in cash by your directors, which they are liable to pay in cash on the shares taken or contracted to be taken by them.
  • File the statement in lieu of prospectus according to the form and requirements of schedule III.
  • Do not allot any share or debenture at least for three days after filing the above statement.
  • File a declaration in Form No. 20 duly verified by one of the directors or the secretary or where the company has not appointed a secretary, by a secretary in whole time practice with the registrar of companies to the effect that the first mentioned condition has been compiled with.
  • Pay the stamp duty as prevalent in the state in which the company is registered according to the Indian stamp act.
  • Attach a treasury Challan with the declaration evidencing payment of the requisite fees prescribed under schedule X to the companies act and in accordance with the rule of the companies General Rules and Forms.
  • The registrar will then issue the certificate of commencement of business.

Solubilis Corporate Services” with a team of professional experts are always there to support the clients in a way they can avail the services. Company registration could be done by providing excellent customer support to the clients throughout the registration process.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *