INC 20A: Declaration of Commencement of Business
Mandatory Compliance has been introduced by the MCA 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.
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 are going to help you file this eForm quickly.
Penalties for not filing the eForm
Documents required for e-Form INC 20A
The documents that are required to file e-Form INC 20A are following.
Companies that have been registered on or after 2nd November 2018 need to file this eForm.
Companies have to file eForm INC 20A within 180 days after their incorporation.
No, it is only mandatory for the companies that have been registered on or after 2nd November 2018.
If you neglect filing eForm INC 20A before due date, then late fee shall be added depending upon how much you delay on filing the eForm.
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