What is a certificate of commencement of business

Open in App

Solution

Commencement of Business Certificate is the official declaration that the Director of the Company needs to file with the Registrar of Companies. This declaration is filed before starting the business and exercising borrowing powers by the Company.

Suggest Corrections

Similar questions

Stages in the formation of a public company are in the following manner

(a) Promotion, Commencement of business, Incorporation, Capital Subscription

(b) Incorporation, Capital Subscription, Commencement of business, promotion

(d) Capital Subscription, Promotion, Incorporation, Commencement of Business

Preliminary Contracts are signed

(a) before the incorporation

(b) after incorporation but before capital subscription

(d) after commencement of business

Join BYJU'S Learning Program