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unit-4-business-promotion

Unit-4 Business Promotion

In this unit, you will learn who an entrepreneur is, what are the characteristics and functions of an entrepreneur.

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Can a public company commence business immediately after its incorporation? If not, what else has to be done before it can commence business?

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Learning Pundits Content Team

Written on Apr 24, 2019 12:23:35 PM

For a public limited company, business activities cannot be started immediately after registration. It has to obtain a Certificate of Commencement of Business from the Registrar of Companies for which a number of additional steps have to be taken by the promoters. They are as follows :

i.Preparation and registration of Prospectus or a Statement in lieu of Prospectus

ii.Subscription and Allotment of Shares

iii.Declaration of Compliance