Enquire Now
INC-20A(Commencement of Business)

Online INC-20A (Commencement of Business)

Form 20A is a declaration filed by the directors within 180 days of the date of incorporation of the company. Get you INC-20A filed at best challenging affordable rates with fastest processing.

Pay just Rs. 99 and remaining payment when documentation begins.

APPLY FOR FILING FORM INC-20A NOW Get started @ ₹99

View Package

WATCH VIDEO
Online INC-20A filing in India

Package

Basic

RS. 999/-

RS. 2000/-

popular

  • 1.

    Drafting of necessary documents

    ?

    Drafting of necessary required documents and resolutions by our experts team.
  • 2.

    Filing of form INC-20A

    ?

    Our experts team of LEGALDISHA will Draft and file of e-form INC-20A.
  • 3.

    Acknowledgement of INC-20A

    ?

    After filing and payment of form INC-20A an acknowledgement is receipt is generated.
  • 4.

    Call, Chat, Email Support

    ?

    Contact us at call, chat or mail for updates and guidance.
  • 5.

    No hidden charges

    ?

    LEGALDISHA provides you transparency in charges. No hidden extra cost required.
  • 6.

    Free Business Consultation By expert

    ?

    Get free business consultation from highly experienced experts team.
Register Now
Above charges excludes govt fee.(if any)

DOCUMENTS REQUIRED FOR INC-20A

Digital Signature Certificate
Digital Signature Certificate

DSC of one of authorised director to sign forms.

Payment Proof
Payment Proof

Proof of payment of value of shares agreed to be taken by subscriber.

In case of other specific cases
If regulated by sectoral regulator
If regulated by sectoral regulator

  • Name of regulator
  • Letter number or the registration number provided
  • Date of approval /registration

In case of NBFC
In case of NBFC

Certificate of Registration issued by the RBI.

HOW WE WORK

Fill the form and make nominal payment.

1. Fill the form and make nominal payment.

Our experts will collect and verify the necessary documents.

2. Our experts will collect and verify the necessary documents.

Making the balance payment.

3. Making the balance payment.

Drafting of necessary resolutions & documents Preparation for INC-20A filing.

4. Drafting of necessary resolutions & documents Preparation for INC-20A filing.

You will receive acknowledgement receipts for filing.

5. You will receive acknowledgement receipts for filing.

CONGRATULATIONS YOUR INC-20A IS FILED!!!
FORM INC-20A
  • As per Companies Act, 2013 INC-20A is a compulsory form known as Declaration of Commencement of Business.
  • This form is a declaration by the directors before commencement of business of the company that every subscriber to the MoA has paid the amount of shares agreed to be taken by them.
  • It must be filed by the directors within the period 180 days from date of incorporation of a company.
  • After receiving the certificate of incorporation, the directors will file declaration certificate of commencement of business.
  • It is compulsory for company to open a current account in a bank for depositing the share capital subscribed by each and every promoter.
TIME LIMIT OF FILING FORM INC-20A
  • In case E-form 20A is filed within 180 days (6 months) – Along with prescribed fees and proof of deposit of the total paid-up capital paid to the company by all the subscribers.
  • In case E-form 20A is filed after 180 days (6 months) – The directors of the company required file Form INC-20A along with the penalty fee maximum up to 12 times of the actual fee.
CONSEQUENCE OF NOT FILING THE FORM INC-20A
  • The company is not allowed to commence its business activities.
  • The company is not allowed to borrow any kind of funds.
  • Shut down of the companies by the Registrar of Companies.
  • The name of the company can be removed from the register of companies by the registrar.
  • Penalty levied on the defaulting companies.
  • Penalty levied on the defaulting officers.
  • Striking-off of the Company by the Registrar.

RELATED SERVICES

E-KYC of Directors
DIR-3-KYC of Partners
DPT-3
Appointment of Auditor
Frequently Asked Questions

Is it compulsory to file form INC 20A?

Yes, it is compulsory to file form 20A for Declaration of Commencement of Business, to declare that the company has received the paid up share capital amount and it is eligible to commence its business and borrow funds in its name.

Who is eligible to file “Form INC 20A”?

Every company incorporated on or after the date 02/11/2018 and having a share capital is eligible to file INC 20A.

What is procedure of filing INC-20A?

Procedure of filing INC-20A is as follows-

  • Download the form INC-20A from the MCA portal.
  • Filling the required particulars of the form.
  • Affix required attachments in the form.
  • Digitally sign the form by authorized director’s DSC.
  • Certifying form by professional.
  • Uploading the form on MCA portal along with prescribed fees.

Which companies are exempt from the filing INC-20A?

The companies which are incorporated before the Commencement of Companies (Amendment) Ordinance 2018 i.e., 2nd November 2018 and the companies which are formed after 2nd November 2018 but is without any share capital.

Is this filing of INC-20A a one-time process or to be done on periodic basis?

No, this is not a filing required on the periodic basis, it is just one-time filing compliance.

Can one do business without filing the form INC-20A?

No, One cannot commence the business without filing the form INC-20A.

What are the attachments required with the form INC 20A?

The attachments required with the form INC 20A is Bank Account statement of a Company showing all credit entries of money received from all subscribers for receipt of subscription. IMPS or NEFT receipts can also be attached for the same.

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

The due date for filing form INC 20A that is the declaration is within 180 days from the day of company incorporation.

What are the advantages of filing FORM INC 20A?

The advantages of filing FORM INC 20A are-

  • The company can exercise its borrowing powers.
  • The company can raise funds from the general public, banks and other institutions.
  • It safeguarded from having heavy penalties per day for each director and the company.
  • All the information relating to business and its activities are made available to public.
  • This easily access of database will authenticate the existence of the company /business and help the business to build its credibility among the stakeholders in the market.

Do the applicant requires to present physically for filing FORM-20A?

No, You are not required to be physically present for the filing FORM-20A. LegalDisha provides you online services and assistance for the same.

Related Video
Most Popular Services