INC-20A Filing with ROC
Business Commencement Declaration
A company, after its incorporation, has to file a declaration to the ROC in form INC-20A that it has collected the capital and maintains a Registered Address. We complete the filing within the same day. Call us now.
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Legal Provisions to file form INC-20A
Prerequisites to File Commencement of Business Declaration or INC-20A
How to file declaration for business commencement?
Documents for filing Declaration for Business Commencement
|NO.||Documents for filing form INC-20A|
Due Dates and Late Filing
The purpose of filing INC-20A is to prevent the origination of dummy or bogus companies. Although the Companies Act, 2013 prescribes only 180 days from the date of issue of Certificate of Incorporation for the filing of INC-20A, we recommend that it should be filed immediately after its incorporation. This is because the company cannot start its business activities or borrow money for its business operations unless the declaration has been filed. To prevent this time lag, especially in the nascent stages of newly incorporated businesses, we recommend that the declaration be filed sooner rather than later, after the business has been established.
The fee applicable for filing INC-20A depends on the subscribed capital of the company. Fee applicable for INC-20A has been mentioned below.
|Subscribed Capital||Applicable fees|
|Duration of Delay from the due date||Late filing fee|
Approval of Form INC-20A by the RoC
What are the consequences of non-filing of INC-20A?
- The defaulting company has to pay a penalty of ₹ 50,000 (Fifty Thousand) for failure to comply with the prescribed rules.
- Every officer of the company that generally includes its directors, secretary, CFO and Manager would have to pay a penalty of ₹ 1000 for each day of default. However the maximum penalty for every officer to be paid for non-compliance is capped at ₹ 1,00,000 (Rupees One Lakh)
- The maximum time allowed to file the INC-20A is 180 days from the date of incorporation, in case the company failed to file the said declaration the company would be struck off under section 148.
Frequently Asked Questions
- Companies without share capital
- Companies incorporated before 2nd November, 2018