Whether Section 8 company-company limited by guarantee (not having share capital) is required to file INC-20A ?
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Quick Summary
This discussion clarifies whether a Section 8 company, specifically one limited by guarantee and not having share capital, is required to file the INC-20A form. While some interpretations suggest it's not applicable, the presence of a fee column for such companies in the help file raises questions. The core of the clarification lies in the wording of section 10A, which explicitly mentions 'having share capital' as a condition for commencement of business requirements.
Commencement of business (1) A company incorporated after the commencement of the Companies (Amendment) Ordinance, 2[2019] and having a share capital shall not commence any business or exercise any borrowing powers unless—
in the section they have mentioned "having share capital".