Inviting Subscription to Share Capital (for public limited companies)
Once you get the certificate of incorporation, if yours is
a private company, you can start business. If yours is a
public company, you can invite the public for subscription to your share
capital. In accordance
with the Companies Act, you must issue a prospectus, giving
information about your public company. The prospectus must be filed with
the ROC before
issuance to the public. But if you decide to obtain capital
privately, you can file a Statement in Lieu of Prospectus with the ROC.
You can start
business after attaining a Certificate of Commencement of
Business from the ROC. |
