Form INC-20A: Commencement of Business

Form INC-20A: Commencement of Business

What is INC-20A?

Form INC 20A is a declaration that needs to be filed by the directors of the company at the time of the commencement of the business.


FAQ

Who shall file Form INC-20A?

  1. All the companies incorporated on or after 02/11/2018
  2. And having a share capital to file INC-20A.

 

What are the attachments to file the form INC-20A?

Subscribers proof of payment for value of shares

One has to attach the Bank Account statement of Company having all credit entries for receipt of subscription money received from all subscribers to MOA.



 What are the Consequence if form INC-20A is not filed within time?

  1. Registrar may initiate action for the removal of the name of Company
  2. Company cannot borrow money
  3. Company cannot start business

For more information on this visit www.taxaj.com


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