×

Recent Posts

  • GST documents

    Documents for GST Registration

    Who Should Register for GST? Individuals regist...
  • Company registration patna

    Process of Digital Signature Certificate application

    Digital Signature Certificates or DSC or Digita...
  • Shops Registration

    Bihar Shops & Establishments Registration – Form No – 1

    Bihar Shops & Establishments Rules, 1995 &#...
  • trademark registration in patna

    How Important is it to get a Trademark registration for a Startup?

    If you start your own business, start a busines...
  • Income Tax

    TDS Rate Chart for FY2020-21 Applicable for a Company

    TDS Rates Applicable for a Domestic Company Par...
  • TDS Rate Chart for FY2020-21 Applicable for Non-Resident of India (NRIs)

    Particulars TDS Rate (%) TDS Rates from 01.04.2...
  • Income Tax

    TDS Rate Chart for FY2020-21 Applicable for Resident of India

    Tax Deducted at Source, also known as TDS, is a...
  • Income Tax India

    Salary received in arrears or in advance, Don’t forget to file Form 10E under Section 89

    An employee, who is entitled to relief under Se...
  • Income Tax

    One Time Relaxation to Employers, Taxpayers, and Business Entities

    The outbreak of the Novel Corona Virus (#COVID-...
  • Remuneration Paid to Directors

    GST on Remuneration Paid to Directors?

    Taxability on Remuneration Paid to Directors Un...

SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

Splan- Company and Trademark RegistrationSplan- Company and Trademark Registration

Splan- Company and Trademark Registration

Splan Corporate Solutions LLP

T (91) 9122329999
Email: info@splan.in

Splan
2/33 SBI Colony, Jagdeopath, Bailey Road, Patna

Open in Google Maps
  • +91-9122329999
  • info@splan.in
  • About SPLAN
  • SUPPORT
  • LOGIN
  • START
    • START A BUSINESS
    • Check Company Registration Status
    • Startup India Recognition
    • Private Limited Company Registration
    • LLP Registration
    • How to register a company in India
  • MANAGE
    • MANAGE BUSINESS
    • DIR-3 DIN KYC filing
    • eForm INC-22A- Active Company
    • Private Limited Company Annual Filing
    • CONVERSION OF PVT LTD INTO OPC
    • ISO Certificate & Standards
    • Guidelines For Accounting And Auditing For Private Limited Companies
  • TRADEMARK
    • TradeMark Registration
    • #6 Understanding your Intellectual Property Obligations
    • Trademark Class
    • How to Manage Trademark Objection-Startup Guide
  • GST
    • GST- Goods & Services Tax
    • What to do if your last GSTR-3B has errors?
    • Is a GSTIN Mandatory for Importer and Exporter
    • Impact of TCS on sellers- Purpose of Introduction of TDS on GST
  • Startup Talks
    • Industries Update
    • Startup Master Class
  • Contact Us
FREEQUOTE
  • Home
  • Startup Talks
  • Manage Business
  • eForm INC-20A -Declaration for commencement of business
February 8, 2023

eForm INC-20A -Declaration for commencement of business

Return Filing in Patna India
0
Anand splan
Wednesday, 30 October 2019 / Published in Manage Business, MCA Form

eForm INC-20A -Declaration for commencement of business

eForm INC-20A is required to be filed pursuant to Pursuant to Section 10A(1)(a) of the Companies Act, 2013 and Rule 23A of the Companies (Incorporation) Rules, 2014, which are reproduced for your reference.

Purpose of the eForm

Declaration prior to the commencement of business or exercising borrowing powers

Is it mandatory to file form INC 20A?

Yes, it is mandatory to obtain a certificate of Commencement of Business by filing form 20A.

Who shall file “Form INC 20A”?

  • all the companies incorporated on or after 02//11/2018
  • and having a share capital to file form 20A

What is the due date of filing form INC 20A ?

A company incorporated on or after 02//11/2018, Due date for eform 20A; From the date of incorporation within 180 days.

What details are required to be furnished in “Form 20A”?

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.

What are the attachments to the form 20A?

Subscribers proof of payment for value of shares

One has to attach the Bank Account statement of Company having all credit entries for receipt of subscription money received from all subscribers to MOA.

What if Bank Statement is not available?

valid payment proof like NEFT / IMPS receipts.

What are the Penalty if not Filed the form INC- 20?

  • Company liable to pay Rs. 50,000
  • every officer who is in default liable to pay Rs. 1000/- per day of default upto a Maximum Rs. 1,00,000/-.

What are the Consequence if form is not Filed within time?

  • Registrar may initiate action for the removal of the name of Company
  • Company cannot borrow money
  • Company cannot start business

Section 10A:

  • A company incorporated after the commencement of the Companies (Amendment) Ordinance, 2018 and having a share capital shall not commence any business or exercise any borrowing powers unless—
    • a declaration is filed by a director within a period of one hundred and eighty days of the date of incorporation of the company in such form and verified in such manner as may be prescribed, with the Registrar that every subscriber to the memorandum has paid the value of the shares agreed to be taken by him on the date of making of such declaration; and
    • The company has filed with the Registrar a verification of its registered office as provided in sub-section (2) of section 12.
  • If any default is made in complying with the requirements of this section, the company shall be liable to a penalty of fifty thousand rupees and every officer who is in default shall be liable to a penalty of one thousand rupees for each day during which such default continues but not exceeding an amount of one lakh rupees.
  • Where no declaration has been filed with the Registrar under clause (a) of sub-section (1) within a period of one hundred and eighty days of the date of incorporation of the company and the Registrar has reasonable cause to believe that the company is not carrying on any business or operations, he may, without prejudice to the provisions of sub-section (2), initiate action for the removal of the name of the company from the register of companies under Chapter XVIII.]

Rule 23A: Declaration at the time of commencement of business.-

The declaration under section 10A by a director shall be in Form No, lNC-20A and shall be filed as provided in the Companies (Registration Offices and Fees) Rules, 2014 and the contents of the said form shall be verified by a company Secretary or a chartered Accountant or a cost Accountant. in practice: Provided that in the case of a company pursuing objects requiring registration or approval from any sectoral regulators such as the Reserve Bank of India, Securities and Exchange Board of India, etc., the registration or approval, as the case may be from such regulator shall also be obtained and attached with the declaration.

Specific Instructions to fill the eForm INC-20A at Field Level

Instructions to fill the eForm are tabulated below at field level. Only important fields that require detailed instructions to be filled in eForm are explained. Self-explanatory fields are not discussed.

  • Enter a Valid and ‘Active’ CIN of company having share capital and where the flag for filing commencement of business is enabled.
  • Click the Pre-fill button. System will automatically display the name, address of the registered office and the email ID of the company.
    • In case email ID is not prefilled automatically, then enter valid email ID.
  • Whether the affairs of the Company is regulated by any sectoral regulator (like RBI in case of NBFI activities), Select the Radio button.
  • Attachments:
    • Subscribers proof of payment for value of shares
    • Certificate of Registration issued by the RBI (Only in case of Non-Banking Financial Companies) /from other regulators. It is mandatory to attach this document if ‘Yes’ is selected in field 3(a).
  • The eForm should be digitally signed by a director of the company.
  • This eform needs to be verified by a practicing professional. Enter the details of the practicing professional and attach the digital signature.

Fee for filing e-Forms or documents in case of company have share capital

Nominal Share Capital Fee applicable
Less than 1,00,000
Rupees 200
1,00,000 to 4,99,999
Rupees 300
5,00,000 to 24,99,999
Rupees 400
25,00,000 to 99,99,999
Rupees 500
1,00,00,000 or more
Rupees 600
ii. Fee for filing e-Forms or documents in case of company not have share capital
Fee applicable
Rupees 200

  • Tweet
Tagged under: Declaration for commencement of business, Eform 20a, eForm INC-20A

What you can read next

Common mandatory compliances for Private Limited Company
incorporation of companies -MCA
Govt amends rules related to the incorporation of companies -MCA
Documents and Procedure for WMI Registration

1 Comment to “ eForm INC-20A -Declaration for commencement of business”

  1. congresosefac2012 says :Reply
    May 19, 2020 at 2:43 pm

    What’s up, after reading this awesome paragraph i am as well glad to share my experience here with
    friends.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Post

  • GST documents

    Documents for GST Registration

    Who Should Register for GST? Individuals regist...
  • Company registration patna

    Process of Digital Signature Certificate application

    Digital Signature Certificates or DSC or Digita...
  • Shops Registration

    Bihar Shops & Establishments Registration – Form No – 1

    Bihar Shops & Establishments Rules, 1995 &#...
  • trademark registration in patna

    How Important is it to get a Trademark registration for a Startup?

    If you start your own business, start a busines...
  • Income Tax

    TDS Rate Chart for FY2020-21 Applicable for a Company

    TDS Rates Applicable for a Domestic Company Par...

Google Review

Splan - Trademark Registration
Splan - Trademark Registration
4.7
Based on 25 reviews
powered by Google
review us on
CADD AFFINITY
CADD AFFINITY
13:37 20 Aug 19
Providing good Platform Fast and reliable services" Make in India" will Possible.....💯↗🏅💹📈
Abhi Singh
Abhi Singh
04:49 25 Jul 19
Splan gives you best service. Very good at client handling and instan service provider.
Mitesh Mallick
Mitesh Mallick
07:12 23 Jul 19
A great service experience... nice team of people.
Sustainable Development & Research Foudation
Sustainable Development & Research Foudation
04:59 29 Mar 19
Very good service for ngo registration
Subodh Saurabh
Subodh Saurabh
09:08 29 Nov 18
Splan is one of the company which made Accounting so easy that even a layman can operate it effectively. And easily manage his finance.
Shivendu Shekhar
Shivendu Shekhar
16:18 24 Nov 18
All Corporate Solutions under one roof. Quick service and response. Keep it up...
krishna jee
krishna jee
07:33 24 Nov 18
For trademarks best, Digital marketing, Company Registration, Licensing, FSSI Approval, Homologation Approval, WMI Registration, Vin Designers, Code Design, GST filing, GST enrolling, enrolment, IEC Registration Import Exports Registration, Trust Registration, Society Registration, Any types off Approval and Homologation, Best service and Experience.
BIZ Splan
BIZ Splan
04:11 24 Nov 18
Trade mark registration patnaCompany registration patnaCompany registration biharIso certificate patna Gst registration patnaTrade mark registration biharGst e filling patnaGst filling patnaCa f in patna
Next Reviews
js_loader

Archives

Categories

Recent Comments

  • PRAMEET JAIN on How do I start a food processing unit in India?
  • Bhagavathi on Homologation Certification Service from ICAT & ARAI
  • Bidagdha madhab giri on Homologation Certification Service from ICAT & ARAI

Facebook

  • Tweet
  • Pin It

Corporate Address:

2/33, Bank Colony, Pilar No- 7, Bailey Road, Jagdeo Path, PATNA, BIHAR
Tel: +91-912232-9999
Email: info@splan.in

Archives

Startup Talk

  • GST documents

    Documents for GST Registration

    Who Should Register for GST? Individuals regist...
  • Company registration patna

    Process of Digital Signature Certificate application

    Digital Signature Certificates or DSC or Digita...
  • About SPLAN
  • START A BUSINESS
  • Trademark Registration
  • Startup Master Class
  • Startup Talks
  • Contact Us
Splan- Company and Trademark Registration

© 2015. All rights reserved. Buy Splan Corporate Solutions llp - Provide Company Registration and Trademark Services.

TOP