Corporate Affairs Ministry has re-introduced the concept of introduction of business certificate. Under the newly launched company (Amendment) Ordinance 2018, after the commencement of all companies, all the companies registered in India (Amendment) Ordinance, 2018 and any business start up or get a business certificate before borrowing essential for. Powers Since the Companies (Amendment) Ordinance was introduced in 2018 on November 2, 2018, any company incorporated after November 2018 will be required to obtain Commencement of business certificate.
Time limit for obtaining business certificates
Business certificate should be obtained within 180 days of incorporation of the business. While filing an application to begin, every director of the company should declare that every customer has paid the value of the shares he has taken on the date of such announcement for the memorandum.