FAQs on Declaration of Commencement of business

CS Divesh Goyal | Last updated: 12 August 2021

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Companies with share capital incorporated after November 2nd, 2018, must file e-form INC-20A within 180 days of incorporation. This declaration confirms that all subscribers to the Memorandum of Association have paid for their shares. Failure to file prevents the company from commencing business, exercising borrowing powers, or filing other forms with the Registrar of Companies.

MCA has inserted New Section 10A after Section 10 by Companies (Amendment) Ordinance, 2018 Dated 02.11.2018 and same has been inserted in Companies (Amendment) Act, 2019. As per 10A, a company having SHARE CAPITAL incorporated after ordinance i.e. 02.11.2018 shall not commence its business or exe

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About the Author

CS Divesh Goyal

Practicing Compnay Secretary

CAREER PROFILE He is a Fellow Member of the Institute of Companies Secretaries of India having intense expertise in Corporate Law for the last 8 years. He is a young and progressive Practicing Company Secretary with zeal to dig deep into the nuances of Corporate Laws. Being a researcher at heart, he has done ... Read more

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