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Commencement Of Business FORM-INC 20A

Commencement Of Business FORM-INC 20A

Must be filed within 180 days of Incorporation.

Mandatory filing for all Companies incorporated on or after 2nd November, 2018 and having share capital.

Every Company incorporated on or after 02.11.2018 and having share capital shall file e-form INC-20A with ROC within 180 days of its incorporation.

This Form is about declaration that all the subscribers to the MOA have remitted the total value of the shares agreed to be taken by them in the Companies Bank Account

Company’s can file e-form after due date with late of 50,000. Also, officer-in-default will be penalized for each day for which default continues @ 1,000 per day.

Any company which fails to comply with the provisions shall not be able to start the business and borrow money. Also, Registrar may remove the name of company from its record.

Mandatory Attachment:-

Subscribers proof of payment for value of shares

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Commencement Of Business FORM-INC 20A

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