All You Need To Know About Acquiring A Commencement Certificate To Start A Construction Business
Establishing your business in a country like India, there are necessary rules and regulations you need to follow. Your work needs to be legal, and these norms help you form a strong base for it. The rules and regulations are prescribed by the government that provides you with a legal identity and other benefits. So to make your base stronger and legally supported, obtaining a commencement certificate for your business is mandatory. Acquiring a commencement certificate is crucial to start any business because only after obtaining it you are allowed to commence any work-related activities. In India, the newly announced Companies Amendment Ordinance, 2018 has re-introduced the concept of ‘Commencement of Business’. The same was abolished earlier by the Ministry of Cultural Affairs(MCA) under the Companies (Amendment) Act, 2015. The commencement certificate by MCA was brought into the public domain for new businesses and streamlining their authenticity. The business dire...