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


    • Related Articles

    • Form INC 20a Declaration for the Commencement of Business

      Form INC 20A – Declaration for the Commencement of Business 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. It should be verified by a Chartered Accountant (CA) or ...

    • Form INC-20A Applicability & Filing Process

      Form INC-20A Form INC-20A was introduced via Companies (Amendment) Ordinance 2018 wherein it made all companies registered in India after the commencement of the Companies (Amendment) Ordinance, 2018 and having a share capital, mandatory to obtain ...

    • MCA increases Additional Fees on Form

      MCA increases Additional Fees on Form will be from existing 12 times to 18 times of Normal Fees [Read Notification] The Ministry of Corporate Affairs has increased the Additional Fees on the form will be From existing 12 times to 18 times of normal ...

    • Form INC-22A – ACTIVE Company Tagging

      The government has recently unveiled the address validation form as per the FORM INC-22A (ACTIVE) included in the Companies (incorporation) Rules, 2014, after rule 25 which has to be further followed. What is MCA New E-Form INC 22A (Active)? The ...

    • How to File Form 11 for LLP?

      Form 11 is due on 30th May 2018. All LLPs registered under Limited Liability Act, 2008 have to annually file two forms Form 11 and Form 8. Annual Return: Form 11 is to be submitted within 60 days of closure of the financial year i.e 30th May 2018. ...