📜✨ Form 20A – Filing of Declaration for Commencement of Business ✨
✅ Services Covered:
- 📄 Drafting of Documents: Comprehensive document preparation.
- 📋 Filing of Form 20A: Professional filing assistance.
- 💰 Includes Govt. Fees: Covers fees up to Rs. 300.
🎯 Who Should Buy:
- Individuals and businesses required to file Form 20A for commencement of business.
📝 How it’s Done:
- 💳 Purchase the Plan: Choose our comprehensive package.
- 📤 Upload Documents: Upload required documents on the vault.
- 📑 Drafting of Documents: Our experts will draft necessary documents.
- 📅 Filing of Form 20A: We’ll handle the filing process.
📄 Documents to be Submitted:
✅ The following documents are required:
- 📄 Bank Statement: Showing deposit of share capital by the director.
- 📷 Photos of Director:
- One photo of the director inside the registered office.
- One photo of the director in front of the company’s signboard at the registered office.
- 🌐 Geo-tagging of Photos: Both photos must have geo-tagging to verify they were taken at the registered office.
📄 Frequently Asked Questions
📝 What is Form 20A?
Form 20A is a declaration of commencement of business required for all companies in India incorporated after November 2018 and having share capital.
👥 Who is required to file Form 20A?
Every company incorporated after November 2018 with share capital must file Form 20A with the Registrar of Companies (ROC).
📅 By when should Form 20A be filed?
Form 20A must be filed within 180 days from the date of incorporation.
⚠️ What happens if Form 20A is not filed within the deadline?
The penalty for late filing of Form INC-20A, the Declaration for Commencement of Business, is as follows:
- Up to 30 days: Two times the normal fee
- More than 30 to 60 days: Four times the normal fee
- More than 60 to 90 days: Six times the normal fee
- More than 90 to 180 days: Ten times the normal fee
- More than 180 days: Twelve times the normal fee
In addition to the penalty for late filing, the company may also face the following consequences:
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- The company’s name may be removed from the Registrar of Companies (RoC) register.
- In cases where a company fails to obtain the commencement of business certificate (COB) within 180 days of incorporation, the company will incur a penalty amounting to Rs. 50,000.
- Each director of the company who is in default may be required to pay a penalty of Rs 1,000 per day of default, up to a maximum of Rs 1,00,000.
📋 What documents are required for filing Form 20A?
The following documents are required:
- Bank Statement: Showing deposit of share capital by the director.
- Photos of Director:
- One photo of the director inside the registered office.
- One photo of the director in front of the company’s signboard at the registered office.
- Geo-tagging of Photos: Both photos must have geo-tagging to verify they were taken at the registered office.
❓ Is Form 20A required even if the company hasn’t started business activities?
Yes, it is mandatory regardless of whether the company has begun business operations.
🌐 Can Form 20A be filed online?
Yes, Form 20A can be filed online through the Ministry of Corporate Affairs (MCA) portal.
🔑 Is a Digital Signature Certificate (DSC) required for filing Form 20A?
Yes, the DSC of at least one director is required to submit Form 20A.
✔️ Who can certify Form 20A?
A practicing Chartered Accountant (CA), Company Secretary (CS), or Cost Accountant must certify the form.
💸 What is the filing fee for Form 20A for Companies with Share Capital ?
Sl.No | Nominal Share Capital (INR) | Fee Applicable (INR) |
---|---|---|
1 | Less than 1,00,000 | 200 |
2 | 1,00,000 to 4,99,999 | 300 |
3 | 5,00,000 to 24,99,999 | 400 |
4 | 25,00,000 to 99,99,999 | 500 |
5 | 1,00,00,000 or more | 600 |