INC – 20A Filing

INC – 20 A Filing Service

What is INC – 20 A Filing?

INC – 20 A is a mandatory form that has to be filed by any company that incorporated on or after 02/11/2018 with Ministry of Corporate Affairs, which is also known as ‘Declaration of Commencement of Business’. The directors of the company are liable to file INC – 20 A within 180 days from date of incorporation of the firm, which having a share capital. Declaration Certificate of Commencement of Business filed by Directors of the company, once the company receives Certificate of Incorporation. Opening a Current Bank Account in the name of the business is mandatory to deposit the share capital subscribed in MOA by each partner.

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Consequences of non-filing

Company is liable to pay Rs. 50,000 penalty.

The registrar may initiate action for removal of the name of the Company.

Company would not be able to start its business or borrow money.

Every officer who is in default is liable to pay Rs. 1000/- per day of default up to a Maximum Rs. 1,00,000/-.

Documents Required for INC – 20 A Filing

Registration Certificate

Certificate of Incorporation from MCA (Certificate of Registration by RBI/Other regulators – Applicable for NBFC)

Proof of Payment of Subscribed Capital

Bank Statement/ NEFT/IMPS Receipts

Book INC – 20 A Filing Service in 3 Easy Steps

Step 01

Fill up the registration form

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Fill up the form which will take less than 10 minutes
Make payment through secure payment gateway.

Step 02

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Provide details & Share documents required for INC – 20 A filing
Preparation and filing of form online
CA/CS Certification

Step 03

Your INC – 20 A form is filed.

All it takes 2 working days*

*Subjected to Government Processing Time.

The Process of Filing INC – 20 A

Day 1

Collection of Information
Discussion and Collection of required documents
Verification of information and documents provided
Drafting of required documents for filing
Attachment of supporting documents

Day 2

Preparation and filing of online form
Online filing with Professional Certification
Sharing approval by e-mail
*Subjected to Government Processing Time

Frequently Asked Questions

Is it mandatory to file form INC 20A?

Yes, it is mandatory to file Declaration of Commencement of Business by filing form 20A; to establish that the company has received the paid up share capital amount and is eligible to start its business and borrow money in its name.

Who shall not file “Form INC 20A”?

Companies that are limited by guarantee i.e. the ones not having share capital or the ones incorporated before 02/11/2018 are not required filing it.

Is it s one-time filing?

Yes, the declaration is a one-time mandatory filing for companies incorporated post 02/11/2018.

What is the due date of filing form INC 20A?

The due date for filing the declaration is within 180 days from the day of company incorporation.

Who shall file “Form INC 20A”?

Every company that is incorporated on or after 02/11/2018 and having a share capital is required to file INC 20A

Can I do business without filing INC 20 A form?

No, you cannot start the business without filing this form.

What is the consequence of not filing the form?

MCA will charge penalty to the company as well as to its directors who commence the business without obtaining the decleration. Further, MCA may also strike off the company.