The statute or act that requires a contract for the sale of land to be in writing is the commencement.
The declaration submitted to the registrars by the company's directors serves as the certificate of beginning of business. Following incorporation, the business has one hundred and eighty days to file the proclamation using Form INC-20A. Launched by the Ministry of Corporate Affairs, Form 20 A & is immediately viewable on their official website portal.
The chartered accountants, company secretary, or cost accountants further verify the form 20-A. These working experts will be held liable if the errors in the form persist after the verification procedure. They are responsible for any penalties outlined in Sections 448 and 449 of the 2013 Companies Act.
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