The Companies Act, 2013 was effective for all the companies with effect from 1st April, 2014 but of its certain sections or provisions was applicable from different dates depending upon the notification of by Ministry from time to time.
The Government of India has always put a thrust to start a business by incorporating a legal entity i.e. Partnership Firms, Limited Liability Partnerships (LLPs), One Person Company (OPC), trust to name few. The Companies Act, 2013 governs company and to promote them MCA has even simplified the process to incorporate a company, by removing the limit of minimum Share capital investment as well as filing of form for “Commencement of Business” by a company under The Companies Act, 2013.
Sticking to our topic, after the incorporation of a company, company can start its business right after getting its Certificate of Incorporation. However, by the applicability of “The Companies (Amendment) Ordinance, 2018, the provision for “Commencement of Business” has been brought back effective from 2nd November, 2018 which used to exist in previous Companies Act, 1956. It means any company incorporated on and after this date has to file “Commencement of Business” by filing E-form 20A within one hundred and eighty days (180) from the date of incorporation.
Read more on: https://taxguru.in/company-law/filing-declaration-commencement-business-form-inc-20a.html
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