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File 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.
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- Expert Team of Qualified CA, CS, and Lawyers
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Process of Filing KYC Online
Day 1
- Collection of Basic Information
- Provide Required Documents
- Preparation and filling an online form
- Online filing with Professional Certification
- Sharing approval in an email
Documents Required for Private Limited Company Registration
01
Proof of Payment of Subscribed Capital
Bank statement/ NEFT / IMPS receipts.
02
Registration Certificate
Certificate of registration by RBI/ other regulators (applicable to NBFC)
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/-