INC-20A
What INC-20A means, where you will meet it and what it means for your business.
DefinitionINC-20A is the declaration of commencement of business a company must file within 180 days of incorporation, confirming the shareholders have paid for their shares and the registered office is verified.
A company incorporated after November 2018 cannot start business or borrow until it files INC-20A. The form attaches the bank statement showing each subscriber deposited their share money, proof of the registered office, and any sector regulator approval needed, and a director signs it with a DSC. The deadline is 180 days from the date on the Certificate of Incorporation. You meet it in your first six months, usually right after opening the bank account. What it means for you: miss it and the penalty is ₹50,000 on the company and ₹1,000 per day on each officer up to ₹1 lakh, and the Registrar can strike the company off. Banks and investors check the filing during diligence, so a late INC-20A raises questions. Deposit the capital early and file in the first month.
Where you will meet this term
- Private Limited CompanyFounders who plan to raise money or hirefrom ₹3,999
- Company Annual FilingsPrivate Limited Companies, OPCs and LLPs that want every ROC filing done on time, with the AGM and audit coordinated.from ₹9,999/year
- One Person CompanyFor a solo founder who wants limited liability and a company name without a co-founder.from ₹3,999