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COMMENCEMENT OF BUSINESS (E-FORM INC 20A) Filing In just Rs. 1999/- (Inclusive of all , No Hidden charges)

₹1,999.00

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Application Preparation
 Form INC 20A Filing
 Professional Certification
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DOCUMENTS REQUIRED FOR FILING FORM INC 20A FOR COMMENCEMENT OF BUSINESS

Duly scanned copies of the following documents are required to be submitted to the assigned expert

BANK STATEMENT
SHARE CERTIFICATE
SIGNED DECLARATION

Step Wise Breakdown of 1 Day process

Documents Check

Form Preparation

Form Filing and Challan Generation

WHY TO FILE FORM INC 20A FOR COMMENCEMENT OF BUSINESS

Every subscriber to the memorandum has paid the value of the shares agreed to be taken by him on the date of making of such declaration, in other words amount of paid share capital has been deposited in the Current account of Company within 180 days and intimate the same to ROC in E-form INC 20A

ACTIVE COMPANY STATUS

There is a Requirement of file form INC 20A compulsory to carry business activities continue and hold the status of company active, In case company not filed the INC 20A , ROC treat that company inactive and there is no business started under that company and may Strike off the company without giving any opportunity of being heard.

 

AVOID LARGE PENALTY

If any default is made in complying with the requirements of Filing Eform INC 20A, the company shall be liable to a penalty of Rs. 50,000/- (fifty thousand rupees) and every officer who is in default shall be liable to a penalty of Rs. 1,000/- one thousand rupees for each day during which such default continues but not exceeding an amount of Rs. 1,00,000/- one lakh rupees.

AVOID COMPANY CLOSURE

Where no declaration has been filed with the Registrar within a period of 180 Days (one hundred and eighty days) of the date of incorporation of the company and the Registrar has reasonable cause to believe that the company is not carrying on any business or operations, initiate action for the Removal of the name of the company from the register of companies (Company Strike off by ROC).

PROFESSIONAL CERTIFICATION

A Professional Certification is Compulsory in E-FORM INC 20A that makes it highly authenticated form and decrease the chances of Mistakes and misrepresentation of facts while filing of BUSINESS COMMENCEMENT through the form of  INC 20A and it's a highly appreciated step from the side of govt to save the interest of public at large and to out the inactive company from the system. that also build the Transparency in the check of company working status.

FREQUENTLY ASKED QUESTIONS

Requirement For Obtaining Certificate of Commencement Of Business

Intimation : Every subscriber to the memorandum has paid the value of the shares agreed to be taken by him on the date of making of such declaration, in other words amount of paid share capital has been deposited in the Current account of Company within 180 days and intimate the same to ROC in E-form INC 20A. 
 
Intimations Involved: 
  1. Business Activities Started
  2. Share Amount deposited in Current account of company by all Shareholders.
  3. Approval taken if Required to take from RBI/SEBI etc.
 and shall be Certified by the Practicing CS/CA/CMA.
Applicability: Applicable for companies incorporated on or after 2nd November 2018

Any penalty or Late fee if form INC 20A not Filed?

Time Limit: Within 180 days of Incorporation 
 
Late Fees : After expiration from 180 days incorporation of company. 
                       Period of delays                                                             Late Fees
                       Up to 30 days                                                                 2 times of normal fees

                       More than 30 days and up to 60 days                            4 times of normal fees
                       More than 60 days and up to 90 days                            6 times of normal fees
                      More than 90 days and up to 180 days                          10 times of normal fees
                      More than 180 days                                                        12 times of normal fees 
 
Normal fees of form vary based on Authorised capital of company from Rs. 300/-  to Rs. 600/- Maximum, So the maximum Late fees in case of Normal fees Rs. 600 is Rs. 7,800 (Rs. 600 + 12 times of Rs. 600).
 
Penalties: If any default is made in complying with the requirements of Filing E-form INC 20A, the company shall be liable to a penalty of Rs. 50,000/- (Fifty Thousand Rupees) and every officer who is in default shall be liable to a penalty of Rs. 1,000/- (One thousand rupees) for each day during which such default continues but not exceeding an amount of Rs. 1,00,000/- (One lakh rupees).
 
Consequences : Where no declaration has been filed with the Registrar within a period of 180 Days (one hundred and eighty days) of the date of incorporation of the company and the Registrar has reasonable cause to believe that the company is not carrying on any business or operations, initiate action for the Removal of the name of the company from the register of companies (Company Strike off by ROC) and DIN of Director Deactivate for 5 Years (Director in Default). 

mandatory to be Certified by the Practicing CS/CA/CMA?

Yes, The declaration under section 10A by a director shall be in Form No, lNC-20A and shall be filed as provided in the Companies (Registration Offices and Fees) Rules, 2014 and the contents of the said form shall be verified/Certified by a Practicing CS/CA/CMA

Provided that in the case of a company pursuing objects requiring registration or approval from any sectoral regulators such as the Reserve Bank of India, Securities and Exchange Board of India, etc., the registration or approval, as the case may be from such regulator shall also be obtained and attached with the declaration.

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