Commencement of Business Certificate : INC-20A

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INC-20A: Commencement of Business Certificate

 

Applicability

Companies registered on or after 02 November 2018 are required to file Declaration for Commencement of Business with Registrar of Companies.

Due Date

Within 180 Days of its Incorporation.

Attachments

  • Subscribers Proof of Payment for the value of shares (Bank Statement of Company). If  Bank Statement is not available then Valid Payment Proof Like NEFT/ IMPS Receipts.
  • Certificate of Registration issued by the RBI (Only in case of Non-Banking Financial Companies)/from other regulators. 

Consequences of non-filing/incorrect filing

  • Additional Penalty as per slab defined in the Form

Penalty for not obtaining Commencement of Business

  • For Company: Maximum Rs 50000.00
  • For Every Officer in Default : Rs 1000 per day but maximum up to 100000.00

Consequences if Form is not filed within time

  • A company cannot start its business.
  • A company cannot Borrow Money.

 

 

Thanks & Regards :

TAXSHOP CONSULTANCY (OPC) PVT. LTD.

 

Reach us at - www.taxshop.in

Whatsapp - https://api.whatsapp.com/message/VG5JGWQB6ONHL1

Call - +91 97296-65710

Mail - taxshopconsultancy@gmail.com, taxshop@rediffmail.com

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