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Incorporation of new company

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Mamatha hra

25 Points Posted on 04 January 2022

to incorporate new company, fixed authorised capital as 10lakh and same considered as paid up capital and whether I need to deposit complete paid up capital to bank at the time of incorporation or do i have a time of 180 days to bring capital

please confirm whether I need bring capital at the time of incorporation or within 180 days

Replies (2)

Quick Summary

This discussion clarifies the rules for depositing paid-up capital when incorporating a new company. While the authorised and paid-up capital might be set at £10 lakh, you typically have 180 days from the date of incorporation to deposit this capital. You'll need to file Form INC-20A with the company's bank statement on the MCA portal within this timeframe.

Vasudevan C P

403 Points Posted on 04 January 2022

U have the timeframe of 180 days w.e.f DOI

Tanuj Chandra Saxenaa

Company Secretary

7085 Points Posted on 04 January 2022

You have to file form inc20a within 180 days of incorporation with bank statement of a company on mca portal in case of any queries regarding the same inbox me..