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Commencement Of Business Certificate (INC-20A)

The newly rolled out and most discussed among the corporates is Form INC-20A. Those Companies registered in India after the commencement of the Companies (Amendment) Ordinance, 2018 and having share capital is required to obtain commencement of business certificate before commencing any business or exercising any borrowing powers. One can say that the Ministry has reintroduced the concept of Commencement of Business Certificate via Form INC-20A on MCA.

On 2nd of November, 2018 the Companies (Amendment) Ordinance 2018 was introduced, hence any company incorporated after this date will be required to file Form INC-20A. Such companies are required to obtain the certificate within 180 days of incorporation of the company.

Document Required for Registration

Document Required for Registration 

The declaration that every one of the subscribers towards the MOA has remitted the entire value of the shares agreed to be taken by them in the Companies Bank Account are needed to be provided in eForm inc-20A.

Also, the attachments that need to be attached with the eform inc-20A are;

  • Certificate of Incorporation (CoI).
  • Proof of payment by subscribers for the value of shares taken by them.
  • An individual is required to attach the Bank Account statement of Company having all credit entries for receipt of subscription money received from every one of the subscribers to MOA.
  • For Non-Banking Financial Company (NBFC), a Certificate of Registration issued by the RBI is also needed.

Registration Process For eForm INC-20A

The due date for the first time filing of “eForm INC-20A” is from the date of incorporation within 180 days for the corporation incorporated on or after 02//11/2018.

The Requirements for Filing eForm INC-20A:

  • The Subscribers has paid the share subscription sum towards the corporation
  • That the corporation has obtained the regulatory approval needed to be obtained for the commencement of business for the business activities which are particularly regulated by SEBI, RBI, IRDA, etc.

OTS BASIC

Rs4999 Rs2499
  • Form 20A Filing for capital upto INR 1 Lakh
  • Govt Fees As Actual Not Included In Packages
  • Call & Email Support

OTS STANDARD

Rs6999 Rs2999
  • Form 20A Filing for capital upto INR 25 Lakh
  • MSME Registration
  • Govt Fees As Actual Not Included In Packages
  • Call & Email Support

OTS PREMIUM

Rs7999 Rs3299
  • Form 20A Filing for capital upto INR 50 Lakh
  • MSME Registration
  • Govt Fees As Actual Not Included In Packages
  • Call & Email Support