Bank account is blocked and inc 20a to be filed

due to ignorance, inc 20a of a company was not filed
now bank account is blocked and in bank total share capital has not been deposited
then what to do to file inc 20a
as bsnkers says bank account will be unblocked with inc 20a
and cant file INC20A without bank statement without complete share capital
kindly help
Replies (5)
Quick Summary
A company's bank account has been blocked because Form INC-20A, concerning the commencement of business, was not filed on time. The bank requires the INC-20A to be filed before unblocking the account, but filing INC-20A requires a bank statement showing the full share capital has been deposited. This creates a Catch-22 situation. Advice suggests opening a new account, depositing the remaining share capital, and attaching both statements with an explanation, though a second opinion is recommended.

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May I know whether bank account can be blocked for non filing of INC 20A ? Its a MCA Compliance not a RBI stipulation as per my understanding...

Company can open other current account and subscriber fund the committed shares capital in it ,that's a way you can file Inc 20 A ,late filing fees beyond 180 days to be paid ..
Due to non filing of inc 20a account got blocked
but opening up another account need total share capital to be deposited
but 1/4 th of share capital is already deposited in the opened account

you should get a new account opened, deposit the remaining amount and attach both accounts statement with a clarification stating the facts.still get a second opinion about the same.

 

thanks

cspragyaj @ gmail.com

Our company account is freeze due to Inc 20 I need solution

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