INC-20A (Business Commencement form)
All inclusive Rs.1,000/-
Every Company has to mandatorily file Form INC-20A within 180 days of the Incorporation of a Company.
Also you need an active current bank account in the name of the Company and the shareholders must have transferred their respective paid up capital to the Company.
Failing to file INC-20A may result in hefty penalties. So file soon!
List of Documents required
- DIN of Director
- Bank Statements
- Digital Signature Certificate (DSC)
HOW DOES IT WORKS?
ANSWERING YOUR QUERIES
What is INC20A form?
It is also known as Business Commencement Form and it is a mandatory form.
Every company needs to file it to prove that it is not defunct and proper business has commenced after issuing shares to the Shareholders.
Is INC20A required to be done every year?
No, it is a one-time requirement and not an annual return.
What is the due date to file the INC20A Form?
It has to be filed within 180 days from the Incorporation of the Company.
Currently, the Govt. has increased the no. of days to 360 days.
Do I have to fill INC20A even if Company has not commenced any business?
Yes, as it is a mandatory return and without filing the same no other MCA forms can be filed. Without filing INC20A, one cannot even file for Closure (STK-2) or Dormancy form (MSC-1).
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