File eForm INC 20A: Process, Documents Required and Penalty

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EForm INC 20ADeclaration of Commencement of
Business
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Introduction eForm INC-20A

• eForm INC-20A is filled to declare the
  commencement of business.
• Introduced as Section 10A of the Companies Act
  2013.
• https//www.registrationwala.com/form-inc-20a

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What is eForm INC-20A?

• FORM INC-20A is a form to be filled declaring the
  commencement of business.
• It declares that the shareholders have paid the
  value of their initial shares as stated in MOA.
• This form needs to be filed within 180 days after
  the company registration.
• This form provides the company with an approval
  to commence business.

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Who do and dont need to File the eForm INC-20A?

• People who do need to file FORM INC 20A
• Companies that have been registered on or after
  2nd November 2018
• Companies that have share capital stated in their
  MOA.
• People who dont need to file FORM INC 22A
• Companies that have been registered before 2nd
  November 2018
• Companies that dont have any share capital.

5
Why Filing eForm INC 20A Required?

• It declares that the company is ready for
  business.
• It ensures that the shareholders have paid up
  their share in company capital.
• https//www.registrationwala.com/knowledge-base/bu
  siness-registrations/private-limited-company/certi
  ficate-of-commencement-of-business

6
What Are the Documents Required For File INC-20A
Eform?

• The documents required to file INC 20A eForm are
  the following
• Bank statement of the company.
• Digital Signature Certificate of the Director of
  the company.
• Certificate of Incorporation Number.

7
What If You Dont File INC 20A?

• If you dont file INC 20A, then there are three
  types of penalties that you need to watch out
  for
• Penalty on the company.
• Penalty on Directors.
• Company Removal.

8
Penalty on the Company

• The company has to pay INR 50,000 if the
  directors didnt file the declaration.
• https//www.registrationwala.com/knowledge-base/bu
  siness-registrations/private-limited-company/certi
  ficate-of-commencement-of-business

9
Penalty on the Company

• The company has to pay INR 50,000 if the
  directors didnt file the declaration.

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Penalty on Directors

• Directors have to pay the penalty of INR 10,000/-
  per day with the ultimate limit of INR 1, 00,
  000/-.

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Final Penalty to the Company

• The company is going to be given some chances to
  file the form with the late fees. If it still
  does not comply, the following happens
• Company strike off The company name shall be
  removed from the registry.

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THANKS!

• Any questions?
• You can find us at
• _at_Registrationwala
• 91-8882-580-580
• support_at_registrationwala.com
• https//www.registrationwala.com/form-inc-20a