Section 11 of CA 2013 : Section 11: [Omitted]

Explanation using Example

Imagine that Priya has recently incorporated a private company called "Healthy Bites Pvt. Ltd." on 1st June 2016. She wants to start her business operations, including opening a bank account, borrowing money, and commencing her health food café. However, she's aware that the Companies Act, 2013 has undergone some amendments. After consulting with her legal advisor, she finds out that Section 11, which earlier required companies to obtain a commencement of business certificate before starting any business activities, has been omitted by the Companies (Amendment) Act, 2015, effective from 29th May 2015.

Since Priya's company was incorporated after this amendment, she does not need to obtain a commencement of business certificate. She can directly proceed with her business activities, such as signing contracts, hiring employees, and launching her café without this additional step. This streamlines the process for Priya and allows her to focus on growing her business.