CA Ramanujan Sharma
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Process For filing form INC 20A mca.gov.in MCA Services Company e-filing Information Services INC 20- Declaration for commencement if Business Who Needs to file: The company having share capital and incorporated after 2ND Nov 2018. Time Limit: Within 180 days of date of its incorporatio
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FAQ :
Form INC-20A is a declaration required by the Registrar of Companies (ROC) to confirm that a company has commenced its business operations.
Companies with share capital incorporated after 2nd November 2018 are required to file this form.
The form must be filed within 180 days of the company's incorporation date.
Failure to file can lead to a penalty of INR 50,000 for the company and INR 1,000 per day for every defaulting officer, with a maximum penalty of INR 1 Lakh. The ROC may also initiate action to remove the company's name from the register.
Attachments include a photograph of the registered office (exterior and interior showing a director/KMP) and proof of receipt of subscription money, such as a bank statement, detailing shareholder name, bank details, date, and amount.
No, a company cannot commence business, exercise borrowing powers, or file certain other forms like change in registered office or annual filings without first filing Form INC-20A.
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