Rs. 1,999.00 Rs. 2,499.00

INC-20A

Section 8 company is a special entity registered with a sole objective of charitable purpose. Unlike a trust, this is a corporate business structure that ensures the limited liability and a separate existence.
Company Details
Act No specified Act
Registration Requirement No
Number of members Only 1
Separate Legal Entity No
Liability Protection Unlimited
Statutory Audit Not mandatory
Ownership Transferability No
Uninterrupted Existence No
Foreign Participation Not Allowed
Tax Rates Low
Statutory Compliances Less

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Tags: file, inc-20a, accounting

What is form INC-20A ?

INC-20A is a mandatory form that is to be filed by a company incorporated on or after 02/11/2018 with MCA. It is also known as Declaration of Commencement of Business. It should be filed by the directors within 180 days from date of incorporation of a company which has share capital. Once the company receives a certificate of incorporation, the directors will file declaration certificate of commencement of business. It is mandatory to open a current account in a bank for depositing the share capital subscribed in MOA by each and every promoter.

Consequences of non-filing

Company is liable to pay Rs. 50,000.

The registrar may initiate action for removal of the name of the Company.

Company would not be able to start its business or borrow money.

Every officer who is in default is liable to pay Rs. 1000/- per day of default upto a Maximum Rs. 1,00,000/-.

Documents required for filing INC -20A

Proof of payment of subscribed capital

Bank statement/ NEFT / IMPS receipts.

Registration Certificate

Certificate of registration by RBI/ other regulators (applicable to NBFC)

Process Flow

Fulfill compliance in 3 Easy Steps

1. Follow Quick Process

  • Spare less than 10 minutes to fill our online questionnaire
  • Upload required documents
  • Make quick payment through our secured gateways

2. Experts at LW are here to help

  • Assigned Relationship Manager
  • Preparation and filing form online
  • CA/CS Certification

3. Your INC-20 Form is filed!

  • All it takes is 1 working day

Process of filing KYC online

Day 1 - Collection, Preparation & Filing

  • Collection of Basic Information
  • Provide Required Documents
  • Preparation and filling an online form
  • Online filing with Professional Certification
  • Sharing approval in an email

Explore to know about INC-20 A