Our Recommendations :-
Follow CA Final FB Page

WHAT IS COB LICENSE ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked about 3 years ago

WHAT IS COB LICENSE ?

    0       0 Answer Now Comment Report
5 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered almost 3 years ago

> COB LICENSE --COB stands for Carry on Business Licence --Applications for grant of Carry-on-Business (COB) licence under the provisions of the Industries(Development & Regulation) Act, 1951 are to be submitted in Form ‘EE’ with the Secretariat for Industrial Assistance in Department of Industrial Policy & Promotion, Udyog Bhavan, New Delhi. --The application can be made by paying a Demand draft of Rs.2500/- (Drawn in favor of "The Pay and Accounts officer, Department of Industrial Development, Ministry of Industry".- New Delhi. --COB licence is required when a non Industrial undertaking becomes a Industrial undertaking and on withdrawal of the exemption under delicensing scheme.

    0       0 Comment Report
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

COB licence is required when a non Industrial undertaking becomes a Industrial undertaking and on withdrawal of the exemption under delicensing scheme. And this licence must be taken by SSI(small scale Industries) on crossing the investment limits prescribed for them. This licence is not applicable for those who are exempted from the requirements of Industrial policy.

    0       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered about 3 years ago

**COB LICENSE** whenever a nonindustrial undertaking switches to industrial undertaking or whenever the license is withdrawn from exemption scheme then COB license is required COB license is carry on business license COB license is not required by who are exempted from the industrial policy. For obtaining COB license application has to be made to Department of Industrial Development, Ministry of Industry Application shall be along with DD of rupees 2500. Thanks

    1       0 Comment Report
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Marudhachalamurthi answered about 3 years ago

COB - Commencement of Business As per the provision of the section 11 of Companies Act 2013, a private company cannot commence business immediately, It requires a COB from the Registrar of Companies. How ever, as per the Companies (Amendment) Act, 2015, Section 11 pertaining to Commencement of Business certificate to be omitted.

    1       0 Comment Report
Open uri20170510 32134 tcchcu?1494421832 Jitendra Suthar answered about 3 years ago

Hiiiii friend.... **COB - Carry on Business Licence** COB licence is required when a non Industrial undertaking becomes a Industrial undertaking and on withdrawal of the exemption under delicensing scheme. And this licence must be taken by SSI(small scale Industries) on crossing the investment limits prescribed for them. This licence is not applicable for those who are exempted from the requirements of Industrial policy. This Licence can be obtained in form EE. This licence is governed by Industries(Development & Regulation) Act, 1951. The application can be made by paying a Demand draft of Rs.2500/- (Drawn in favor of "The Pay and Accounts officer, Department of Industrial Development, Ministry of Industry".- New Delhi. Regards,

    1       0 Comment Report
Get Notifications
Videos
Books
Notes
Loading
SIGN UP
Watch best faculty demo video classes

These top faculty video lectures will
help u prepare like nothing else can.