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Who is required to file INC 20a ?

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B Samrish & Co. Company Secretaries B Samrish & Co. Company Secretaries, www.bsamrishindia.com verified
Answered on December 28,2021
  • As per Section 10A, every Company, incorporated after the date of the ordinance i.e. 2nd November, 2018, is obliged to file a declaration in E-Form 20A with the Registrar of Companies within a period of 180 days from the date of incorporation declaring that the Company has received the entire subscription money from its subscribers to the Memorandum and has filed a Form INC-22 for verification of its registered office.

 

  • This provision is applicable to all newly incorporated Companies (incorporated after 2nd November, 2018) having a share capital.

 

  • It is pertinent to note that a Company cannot commence its business or exercise any borrowing power unless a declaration has been filed.

 

To know more about the applicability and process please visit our blog:

Re-introduction of filing of Declaration before Commencement of Business.

 

 

 

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Guide

Form INC 20A : Declaration of Commencement of Business

Form INC 20A: Declaration for the Commencement of Business is the declaration that the Director of the Company needs to file with the Registrar of Companies. This declaration is filed in For..
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