Description

Commencement of Business Certificate is the declaration that the Director of the Company needs to file with Registrar of Companies. … Basically, this is a declaration filed before commencing the business and exercising borrowing powers by the Company.

• File form 20A (a declaration) and attach with it the bank account statements of the company as proof of payments for the value of share. …
• File certificate of registration, which in case of non-banking financial institutions is issued by the Reserve Bank of India.

As per section 11 of Companies Act, 2013, now all newly incorporated Public and Private Companies having Share Capital would be required to obtain a certificate of commencement of business from concerned Registrar of Companies before commencing the business or exercise of borrowing powers.

A Commencement Certificate is a document from the local municipal authority that proves the legitimacy of a real estate project and permits the developer to begin the construction of the project.