Form INC 20A is a mandatory declaration filed by company director stating that paid up capital agreed by shareholder is deposited within the time limits prescribed under law.
Submit to get Commencement of Business (INC 20A)
Timely filing of the form helps to avoid penalties
Communication will become easier if everything is proper
Commencement Of Business (inc 20a) Service Details
Form INC 22 Filing Process: -
Filing of form INC 22 include several steps: -
Compilation of all the documents.
Visit MCA portal.
Filing of the form and attach all the documents.
After filing director need to attach the DSC.
Then lastly will upload the form and pay the nominal fees charged by MCA.
Now let's discuss every step in details: -
Firstly, we have to compile all the documents required for the filing of form INC 20A
Then we have visit MCA portal and we have to file the form on the portal and attach all the required documents there along with the DSC of director.
Then after filing of the form we have to pay the fees, and we are all done.
Now registrar will check and approve the form within few days.
Documents Deliverable: -
Form INC 20A along with the challan.
Time Limit: -
180 Days from the date of Incorporation
PENALTY FOR NON-FILING
Nominal Share Capital (INR)
Fee applicable (INR)
Less than 1,00,000
200
1,00,000 to 4,99,999
300
5,00,000 to 24,99,999
400
25,00,000 to 99,99,999
500
1,00,00,000 or more
600
Additional Fees in case of delay in filing of form
Period of delay
Additional fee applicable (INR)
Up to 30 days
2 times of normal fees
More than 30 days and up to 60 days
4 times of normal fees
More than 60 days and up to 90 days
6 times of normal fees
More than 90 days and up to 180 days
10 times of normal fees
More than 180 days
12 times of normal fees
Time Taken for Filing of form
Within 2 days after providing documents for the filing of the form.
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Why Choose HireYourCA?
There are several reasons why HireYourCA stands out as your go-to partner for business registrations and compliance:
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Eligibility
Company incorporated after 2nd November, 2018 required to file INC 20A for declare that shareholder has deposited the amount of capital as mention in MOA.
It must be verified by Chartered accountant, Company secretary or Cost accountant in practice.
Documents Required for Commencement of Business (INC 20A)
To file INC-20 A with the government, the following details and documents are essential:
Bank statement reflecting the deposit of paid-up capital by each shareholder individually.
Shareholder's bank name, IFSC code, and account number from which the capital was transferred.
Three Photographs of the Registered Office, displaying the external building (i.e. Whole Building) , entrance of the office, and inside office, with at least one Director/KMP and banner of the company present in every photograph with Geotag Location showing longitude and latitude.xfvxcbcxbxfcvnbcvn
Benefits Of Getting Commencement Of Business (inc 20a)
Legal Compliance: Ensures that the company complies with the Companies Act, 2013, and can legally start its business operations.
Operational Legitimacy: Allows the company to use its borrowing powers and start its business activities.
Stakeholder Confidence: Provides assurance to stakeholders, including investors and regulatory bodies, that the company has received its paid-up share capital and is ready to commence operations.
Transparency: Enhances transparency by verifying that the company has the necessary funds to begin its operations.
Commencement Of Business (inc 20a) Sample Document
Download Commencement Of Business (inc 20a) Sample
