File INC-20A
The filing of INC-20A is also subject to compliance with the requirements of the Companies Act, 2013 of India. Here’s what you want to know about the INC-20A
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INTRODUCTION
📄 What is Form INC-20A?
Form INC-20A is a mandatory declaration that must be filed by every company incorporated on or after February 11, 2018. It is also known as the Declaration of Commencement of Business.
Every company must file Form INC-20A with the Ministry of Corporate Affairs (MCA) within 180 days from the date of its incorporation. Once the company receives its Certificate of Incorporation, the directors must submit this declaration confirming that every subscriber to the Memorandum of Association (MOA) has paid the value of the shares agreed to be taken.
Note: The company must also open a current bank account in its name to receive the subscription money for the equity shares mentioned in the MOA.
A LIST OF DOCUMENTS
📑 Documents Required for Filing INC-20A
✔️ Proof of Payment for Subscribed Capital
Bank statement of the company’s current account
NEFT/IMPS receipts or any valid bank proof showing receipt of share capital from all subscribers.
✔️ Certificate of Registration
If your company is regulated by any sectoral regulator (e.g., RBI, SEBI, IRDAI), then a certificate of registration or approval from such regulator (if applicable) must also be attached.
✅ Important: Filing INC-20A is mandatory. Failure to comply may lead to penalties and may restrict your company from starting its business operations legally.
⚠️ Consequences of Non-Filing INC-20A
The company will be liable to pay a penalty of ₹50,000.
The Registrar of Companies (ROC) may initiate action to remove the company’s name from its register.
The company cannot commence business activities or borrow funds until the form is filed.
Every officer in default is liable to a penalty of ₹1,000 per day of default, up to a maximum of ₹1,00,000.
📅 Due Dates & Late Fees
Form INC-20A must be filed within 180 days from the date of incorporation. If filed after the due date, late filing fees and penalties will be levied as per MCA rules.
✅ Fulfil Compliance in 3 Easy Steps
1. Follow Quick Process
⏱️ Spend less than 10 minutes to fill out our online questionnaire.
📤 Upload the required documents.
💳 Make quick payment through our secure payment gateways.
2. Experts at Are Here to Help
🤝 Assigned Relationship Manager for end-to-end support.
📑 Preparation and filing of Form INC-20A online.
🔏 CA/CS certification included.
3. Your INC-20A Form is Filed!
⏳ All it takes is 1 working day (subject to government processing time).
📧 Get your approval delivered straight to your inbox.
📝 Process of Filing INC-20A
Day 1 – Collection, Preparation & Filing
✔️ Collection of basic information
✔️ Provide required documents
✔️ Preparation and filling of the online form
✔️ Filing with professional CA/CS certification
✔️ Sharing approval confirmation by email
Frequently Asked Questions
Have questions before reaching out? Here are quick answers to some of the most common queries we receive about contacting us, consultations, and service inquiries.
Yes. Filing the Declaration of Commencement of Business (Form INC-20A) is mandatory. This declaration establishes that the company has received the paid-up share capital as stated in its Memorandum of Association (MOA) and is legally eligible to start its business operations and borrow funds in its name.
Every company that:
Is incorporated on or after 2nd November 2018, and
Has a share capital,
is required to file Form INC-20A with the ROC.
Companies that:
Are limited by guarantee (i.e., do not have share capital), or
Were incorporated before 2nd November 2018,
are not required to file Form INC-20A.
The declaration must be filed within 180 days from the date of incorporation of the company.
Yes. Form INC-20A is a one-time mandatory filing for companies incorporated on or after 2nd November 2018. Once filed, no further annual filing of this form is required.
The government fee for filing Form INC-20A depends on the company’s authorised share capital. For companies with share capital up to ₹1 lakh, the minimum filing fee is ₹200.