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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What is form INC-20A ?
A employer integrated on or after February 11, 2018 need to report Form INC-20A with the MCA. Another call for that is the start-up statement. It ought to be filed via the administrators no longer later than one hundred eighty days after the date of incorporation of the majority stocks of the organization. As soon as the enterprise receives its certificate of incorporation, the administrators will difficulty a certificates of graduation of enterprise. Each promoter has to open a bank cutting-edge account for the fairness stocks deposited within the MOA.
Documents required for filing INC -20A
Evidence of the subscribed capital's payment
NEFT, IMPS, and bank statement receipts.
Certificate of Registration
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The repercussions of not filing
The company must pay fifty thousand rupees.
The registrar has the authority to request that the Company's name be removed.
The company would not be able to obtain financing or launch its operations.
Any officer in default faces a fine of up to Rs. 1,00,000, or Rs. 1000 per day of default.
Dates of Due
The appropriate late filing costs will be assessed.
Fulfill compliance in 3 Easy Steps
1. Respond to Quick Questions
- Our questionnaires take less than 10 minutes to complete.
- Give the essential information and paperwork needed to convert a proprietorship to a partnership.
- Pay using a safe and secure payment gateway.
2. Experts are Here to Help
- Dedicated Relationship Manager
- completing and submitting the form
- The CA/CS Credential
3. Your INC-20 Form is filed!
- All it takes is 1 working day
Process of filing KYC
Day 1: Gathering, Getting Ready, and Filing
- Gathering of Foundational Data
- Deliver the Necessary Documents
- Getting ready and completing an online form
- submitting paperwork online to the Professional Certification
- sending an email expressing approval
Explore to know about INC-20 A
Have inquiries? Look Here for Solutions
Absolutely, in order to prove that the company has received the full amount of its share capital and is qualified to launch its operations and take out loans in its name, it is necessary to file a Declaration of Commencement of Business by filing form 20A.
All companies with a share capital that incorporate on or after February 11, 2018, must submit INC 20A.
Businesses limited by guarantee, meaning those without share capital or those incorporated prior to February 11, 2018, are exempt from filing requirements.
Within 180 days of the company’s incorporation date, the declaration must be filed.
Indeed, for businesses incorporated after February 11, 2018, the declaration is a one-time, required submission.
- The government charge is determined by your authorized capital; however, if your share capital is less than one lakh, there is a minimum fee of Rs. 200.
