Applicability

Companies registered on or after 02 November 2018 are required to file Declaration for Commencement of Business with Registrar of Companies.

Due Date

Within 180 Days of Its Incorporation.

Attachments

Subscribers Proof of Payment for the value of shares (Bank Statement of Company) if in Case Bank Statement is not Available then Valid Payment Proof Like NEFT/ IMPS Receipts.

Certificate of Registration issued by the RBI (Only in case of Non-Banking Financial Companies)/from other regulators.

Consequences of non-filing/incorrect filing

Additional Penalty as Per Slab Define in the Form

Penalty for not obtaining Commencement of Business

For Company Maximum Rs 50000.00

For Every Officer in Default Rs 1000 per day but maximum Up to 100000.00

Consequences if Form is not filled within time

A company cannot start its business.

A company cannot Borrow Money.

Thanks & Regards :

TAXSHOP CONSULTANCY (OPC) PVT. LTD.

Reach us at – www.taxshop.co.in

Whatsapp – https://wa.me/message/ACQLZMQPEJIWG1

Call – +91 89301-70702

Mail -taxshopconsultancy@gmail.com, taxshop@rediffmail.com

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