INC-20A e-Form Filing in India

INC 20A: Declaration of Commencement of Business

The MCA has introduced mandatory Compliance as per the latest ordinance of 2018. It is called eForm INC 20A. According to the aforementioned ordinance, no company that has been incorporated on or after 2nd November 2018 can commence the business unless they have filed the following declaration through eForm INC 20A to the Registrar of Companies (ROC):

“Every subscriber to MOA has paid the value of shares agreed to be taken by him on the date of making such declaration.”

This form needs to be filed before the prescribed due date. Not filing the form is an invitation to penalties.

Penalties for not filing the INC form

1. If the form is not filed on time, the penalty depends upon the delay
2. If the eForm is not filed at all, even after the late fee is imposed, there are two kinds of penalties:

• • Company Penalty is INR 50,000/-
  • The officer penalty is INR 1000 per day up to a maximum of INR 1,00,000/-

Why wait for penalties to arrive?

Registrationwala can help you in filing this Compliance at any time you want. Our team of Company Secretaries, Chartered Accountants, Lawyers and other business experts will help you file this eForm quickly.

Eligibility Criteria for INC-20A e-Form Filing in India

Companies incorporated after 2nd November 2018 have to file INC-20A e Form in India as per the due date prescribed by the Ministry of Corporate Affairs. 

Documents Required for filing INC-20A e-Form Filing

The documents that are required to file e-Form INC 20A are the following:

1. Bank statement of the company.
2. DSC of the director

Process for filing INC-20A e-Form Filing 

The process of filing the INC-20 E Form is as follows:

1. Gather the documents
2. Go to the MCA portal
3. Fill out the E FORM INC 20A
4. Submit the form
5. Receive Confirmation

Our Assistance in filing the INC-20A e-Form Filing

We at Registrationwala provide end-to-end solutions for filing INC-20A e-Form Filing. Our services include:

1. Collection of information and starting the process
2. Creating the first compliance draft
3. Reviewing the draft and making changes if necessary
4. Providing you with the confirmation receipt

Registrationwala.com is a leading legal consultancy firm providing comprehensive services relating to INC-20A e-Form Filing.

Contact us now to commence business as quickly as possible.