Will my company account get freezed if I didnt take INC 20A : Commencement of Business within 1 year of company incorporation?

Following are the consequence for non-filing of the form beyond 360 days:

  • Company will be liable to pay Rs. 50,000 penalty for not filing the Form INC 20A

  • Every officer who is in default is liable to pay Rs. 1000/- per day of default upto a Maximum Rs. 1,00,000/-

  • Registrar may initiate action for the removal of the name of Company / Strike off company name.

To know more, please write to me at anjalibansalcs@gmail.com