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Certificate of Commencement of Business


Discounted fee ₹5999* Inc. tax



  • Open a Current Bank Account of Company
  • Deposit Capital as Subscribed in MOA
  • Ask your Bank to provide Bank statement to attach the same as proof for deposit of subscribers money
  • File form INC-20A duly certified by Practising Professional
  • Obtain Certificate of Commencement of Business

Introduction



As per section 10A of Companies Act 2013, every company incorporated on or after 02/11/2018 having share capital must file, a declaration in form INC 20A within 180 days of incorporation of company, to commence its business or exercise any borrowing power. Provided that if company pursuing objects requiring approval or registration from any sectoral regulators such as Reserve Bank of India, SEBI etc. than the registration or approval shall also be obtained and attached with the declaration.

  • Proof of subscribers payment for value of shares
  • Bank statement of Company having all credit entries for receipt of subscription money received from all subscribers to MOA or Valid payment proof like NEFT/IMPS receipt..

FAQ



Every officer in default should be liable for a penalty of Rs. 1000 per day but maximum upto Rs. 100000.

The fees is based on authorized capital of the company. Below is the list of filing fees of INC 20A-
S.no. ----- Particulars ----- Fees
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

To file form INC-20A you need to attach a certified copy of the Bank Statement of the company where the paid-up capital has been received from the first subscribers of the MOA/Shareholders

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