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.
Companies that have been registered before 31st December 2018 are required to file eForm INC 22A.
Following are the documents required to file eForm INC 22A ACTIVE:
The process of filing INC-20 E Form is as follows:
We, at Registrationwala provide end to end solutions for filing INC-22A ACTIVE Form Filing. Our services include:
Registrationwala.com is a leading legal consultancy firm providing the comprehensive services relating to INC-22A ACTIVE Form Filing.
Contact us now to inform the MCA that you’re in fact active.