Form INC-20A


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As per the Companies (Amendment) Ordinance 2018, there is a requirement for all the companies registered on or after 2 November 2018 to file a certificate of commencement of business. Form 20A is a declaration filed by the directors within 180 days of the date of incorporation of the company. And Form INC-20A is required to be filed pursuant to Pursuant to Section 10A(1)(a) of the Companies Act, 2013 and Rule 23A of the Companies (Incorporation) Rules, 2014.

 

Every Company incorporated on or after 02/11/2018, having share capital shall not commence its business or exercise any borrowing powers unless a declaration is filed by the directors within 180 days from date of incorporation of company in INC form 20A (notified on 26/01/2019), with the Registrar of Companies that “every subscriber to the MOA has paid the value of the shares agreed to be taken by him on the date of making of such declaration” and the contents of the said form shall be verified by a Company Secretary in practice.

 

A company can commence its business/operations only after it files a declaration in Form INC-20A declaring its registered address and with a Bank Statement Showing deposit of capital by the shareholders.

PAN Card

Self attested PAN Card issued by I.T. Department

Aadhar Card

Self attested Aadhar Card issued by UIDAI

Id Proof

Self attested id proof (Voter ID/DL/Passport)

Address Proof

One month Bank statement/ telephone bill

Photographs

A latest passport-size colour photographs

Utility Bill

Latest electricity bill with NOC/ Rent Agreement

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Key Points on Form INC-20A

Applicability on Companies

All companies are required to file Form INC-20A before commencement of business.

 

Due Date of Filing

Before commencement of business or within 180 days from incorporation of Companies.

 

Information to be Furnished

Declaration that all the subscriber to the MOA has paid the total value of the shares agreed to be taken by him.

 

Filing Fees

Fees shall be payable as per the Companies (Registration Offices and Fees) Rules.

 

Consequence of Not Filing

Registrar of Companies may initiate action for the removal of the name of Company from register of companies. 

Documents required

PAN Card

Self attested PAN Card issued by I.T. Department

Aadhar Card

Self attested Aadhar Card issued by UIDAI

Id Proof

Self attested id proof (Voter ID/DL/Passport)

Address Proof

One month Bank statement/ telephone bill

Photographs

A latest passport-size colour photographs

Utility Bill

Latest electricity bill with NOC/ Rent Agreement

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