Form INC-20A Filing Online in India
Declaration for Commencement of Business
File Form INC-20A online with Tax Pal Solutions to declare the commencement of business. Ensure MCA compliance, avoid penalties, and get expert support from certified professionals.
Key Highlights of Our Service
| Feature | Details |
|---|---|
| Filing Timeline | Within 180 Days of Incorporation |
| Expert Support | Verified by CA/CS/CMA Professionals |
| Documentation Help | Bank Statement & Board Resolution Assistance |
| Pricing | Transparent & Affordable – No Hidden Charges |
| Client Trust | Trusted by 20,000+ Startups & Companies |
| Customer Ratings | Google: 4.6/5 (6,333) Trustpilot: 4.0/5 (1,907) |
Why File Form INC-20A?
Form INC-20A is a mandatory declaration for companies incorporated on or after 2nd November 2018 with share capital. Filing ensures:
- Declaration of Business Commencement: Confirms that the company is ready to start operations.
- Confirmation of Paid-up Capital: Validates that all subscribers have paid for their shares.
- Prevention of Shell Companies: Reduces risk of fraudulent or paper-only companies.
- Enable Borrowing Powers: Filing is mandatory before availing loans or issuing debentures.
- Legal Compliance: Avoid penalties under Companies Act, 2013.
- Transparency and Credibility: Demonstrates legitimacy to investors, creditors, and regulators.
- Avoid Company Strike-Off: Protects your company from being removed from the RoC register.
Who Needs to File Form INC-20A?
Form INC-20A is required for:
| Company Type | Applicability |
|---|---|
| Private Limited Company | Incorporated after 2nd Nov 2018 with share capital |
| Public Limited Company | Incorporated after 2nd Nov 2018 with share capital |
| One-Person Company (OPC) | With share capital, incorporated after 2nd Nov 2018 |
| Section 8 Companies | Non-profits with share capital, incorporated after 2nd Nov 2018 |
| Producer Companies | With share capital, meeting incorporation criteria |
Exemptions: Companies incorporated before 2nd Nov 2018, companies without share capital, or certain government companies.
Essential Documents for Filing Form INC-20A
| Document | Purpose |
|---|---|
| Bank Statement | Proof of paid-up share capital by subscribers |
| Board Resolution | Authorizes directors to file INC-20A and confirms compliance |
| DSC of Director | Digital signature of authorized director |
| DIN of Director | Mandatory identification number of signing director |
| DSC of Practicing Professional | Certification by CA/CS/CMA |
| Certificate of Incorporation | Reference for CIN and incorporation date |
| Proof of Registered Office | Validates office address (Form INC-22 if not filed) |
| Approvals from Sectoral Regulators | Required for regulated sectors (RBI, SEBI, IRDAI, etc.) |
| Photographs of Office | Optional, geo-tagged images as proof of operations |
Step-by-Step Filing Process
- Log in to MCA Portal – Access your account or register as a user.
- Download e-Form INC-20A – Get the latest version from the MCA website.
- Fill Form Details – Enter CIN, Date of Incorporation, share subscriptions, and office verification.
- Attach Required Documents – Bank statement, Board Resolution, approvals, photos.
- Pre-fill and Validate – Ensure all fields are correct using the “Check Form” option.
- Affix Digital Signatures – Authorized director and practicing professional.
- Upload Form – Submit the completed PDF on MCA portal.
- Payment of Fees – Pay applicable fees based on nominal share capital.
- Acknowledgement & Tracking – Receive SRN and track status online.
Fees for Filing Form INC-20A
| Nominal Share Capital | Fee (INR) |
|---|---|
| Less than 1,00,000 | 200 |
| 1,00,000 – 4,99,999 | 300 |
| 5,00,000 – 24,99,999 | 400 |
| 25,00,000 – 99,99,999 | 500 |
| 1,00,00,000 or above | 600 |
Due Date: Within 180 days of incorporation. Late filing attracts penalties.
Penalties for Non-Compliance
| Non-Compliance | Penalty |
|---|---|
| Company | ₹50,000 |
| Officer (per day) | ₹1,000 |
| Maximum per Officer | ₹1,00,000 |
Additional Risk: Company may be struck off by RoC, leading to loss of legal entity, asset vesting to government, and director disqualification.
Benefits of Filing Form INC-20A
- Legal commencement of business
- Enhanced credibility with investors and banks
- Avoid penalties and legal issues
- Compliance with statutory requirements
- Transparent financial operations
- Enables borrowing and future expansions
Board Resolution for Form INC-20A
A formal Board Resolution is required to:
- Approve filing of Form INC-20A
- Confirm share subscription and office verification
- Authorize directors to submit the form
- Maintain an official record for RoC compliance
Content Includes: Meeting details, quorum, purpose, share confirmation, office verification, regulatory approvals, declaration, and authorization.
Certification
