COMMENCEMENT OF BUSINESS (E-FORM INC 20A) Filing In just Rs. 1999/- (Inclusive of all , No Hidden charges)
WHAT WILL YOU GET FROM US
Form INC 20A Filing
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
Step Wise Breakdown of 1 Day process
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
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.
- Business Activities Started
- Share Amount deposited in Current account of company by all Shareholders.
- 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.