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Filing of e form INC 20A / Commencement of Business

About of Service

1. Regulatory Consultation:

  • Service: Provide expert advice on the legal requirements and implications of filing e-form INC 20A.
  • Benefit: Ensure understanding of compliance obligations and the process for officially commencing business operations.

2. Document Preparation:

  • Service: Assist in preparing all necessary documents for filing e-form INC 20A, including company incorporation details, proof of address of the registered office, and any required board resolutions.
  • Benefit: Ensure that all required information and supporting documents are accurate and complete.

3. Form Completion:

  • Service: Complete the e-form INC 20A with precise details required to declare the commencement of business.
  • Benefit: Facilitate accurate and timely submission, reducing the risk of errors and ensuring regulatory compliance.

4. Regulatory Filing and Submission:

  • Service: Manage the electronic submission of e-form INC 20A to the Registrar of Companies (RoC) or relevant regulatory authority.
  • Benefit: Ensure that the form is submitted correctly and promptly, and handle any acknowledgments or confirmations of receipt.

5. Compliance Verification:

  • Service: Conduct thorough compliance checks to verify that the information provided in e-form INC 20A meets all legal and regulatory requirements.
  • Benefit: Minimize the risk of non-compliance and potential penalties.

6. Stakeholder Communication:

  • Service: Communicate with relevant stakeholders, such as company directors and shareholders, to inform them about the filing and any required actions or implications.
  • Benefit: Ensure all parties are aware of the commencement of business and their respective roles.

7. Record Maintenance:

  • Service: Maintain records of the filed e-form INC 20A and associated documents for future reference and compliance audits.
  • Benefit: Provide organized documentation that is easily accessible for future regulatory reviews.

8. Post-Filing Support:

  • Service: Offer support for any issues or queries that arise after the filing of e-form INC 20A, including handling follow-up actions or requests from regulatory authorities.
  • Benefit: Resolve any post-filing issues efficiently and ensure continued compliance with commencement requirements.

9. Training and Awareness:

  • Service: Provide training or resources on the requirements and procedures related to the commencement of business and filing of e-form INC 20A.
  • Benefit: Enhance internal understanding of compliance obligations and procedures for future reference.

Uses and Benefits
  • Regulatory Consultation: Provide expert advice on legal requirements and procedures for filing e-form INC 20A.
  • Document Preparation: Assist in preparing and gathering necessary documents such as proof of registered office address and board resolution.
  • Form Completion: Complete the e-form INC 20A with accurate details regarding the commencement of business.
  • Electronic Filing and Submission: Manage the electronic submission of e-form INC 20A to the Registrar of Companies (RoC) and handle acknowledgment receipts.
  • Compliance Verification: Conduct checks to verify that all information in e-form INC 20A is correct and complies with legal requirements.
  • Stakeholder Communication: Communicate with relevant stakeholders about the filing and any necessary actions or updates.
  • Record Maintenance: Maintain organized records of the filed e-form INC 20A and associated documents for future reference.

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Charges Structure & Our Scope of Work

Additional Disclosure

1. Overview of e-Form INC-20A:

  • Purpose: To declare that the company has commenced its business operations after incorporation.
  • Regulatory Basis: Reference to the Companies Act, 2013, and related rules that mandate the filing of this form.

2. Company Details:

  • Name and Address:
    • Company Name: Full legal name of the company as per the incorporation certificate.
    • Registered Office Address: Complete address of the company's registered office.
  • Company Identification Number (CIN): The unique CIN assigned to the company by the Ministry of Corporate Affairs (MCA).

3. Share Capital Details:

  • Share Capital Information:
    • Total Paid-up Share Capital: Total amount of share capital that has been paid up by the shareholders.
    • Shareholding Pattern: Information on the distribution of shares among shareholders.

4. Bank Account Details:

  • Bank Account Information:
    • Bank Account Details: Details of the company's bank account where the paid-up share capital has been deposited.
    • Bank Statement: A copy of the bank statement showing the deposit of the paid-up capital, typically covering the period up to the date of filing.

5. Declaration of Commencement:

  • Declaration by Directors:
    • Director’s Declaration: A declaration by the directors confirming that the company has received the minimum subscription amount and has started its business operations.
    • Board Resolution: A copy of the board resolution passed to authorize the filing of e-Form INC-20A, confirming the commencement of business.

6. Compliance with Regulations:

  • Regulatory Compliance:
    • Adherence to Provisions: Confirmation that the company complies with the provisions related to the commencement of business as per the Companies Act, 2013.
    • Provisions Met: Confirmation that all legal requirements for starting business activities have been fulfilled.

7. Supporting Documents:

  • Proof of Share Capital:
    • Share Certificates: Copies of share certificates issued to the shareholders.
    • Investment Proof: Documents evidencing the payment of the share capital (e.g., bank deposit slip, transfer receipts).

Terms & Conditions

Documents & Detail Required

1. Completed e-Form INC 20A:

  • Description: The electronic form that needs to be filled out with details about the company's commencement of business.
  • Purpose: To officially declare that the company has started its business operations.

2. Proof of Registered Office Address:

  • Description: Documents showing the registered office address of the company. This can include:
    • Utility bills (electricity, water, gas)
    • Rent agreement or lease deed
    • Ownership documents (if the property is owned by the company or directors)
  • Purpose: To verify that the company has a valid registered office.

3. Certificate of Incorporation:

  • Description: The official certificate issued by the Registrar of Companies (RoC) confirming the incorporation of the company.
  • Purpose: To provide proof that the company has been legally incorporated.

4. Board Resolution:

  • Description: A resolution passed by the Board of Directors authorizing the filing of e-form INC 20A and confirming the commencement of business.
  • Purpose: To formally approve the commencement of business and filing of the form.

5. Proof of Subscription to Shares:

  • Description: Documents evidencing that the subscribers to the company’s memorandum have paid for their shares. This can include:
    • Bank statements showing the payment
    • Share allotment letters
  • Purpose: To demonstrate that the minimum subscription requirement has been fulfilled.

6. Declaration of Compliance:

  • Description: A declaration by a director or company secretary confirming that all requirements for the commencement of business have been met.
  • Purpose: To attest to the compliance with all legal and regulatory requirements for commencing business.

7. Bank Statement:

  • Description: Recent bank statement of the company’s bank account.
  • Purpose: To show that the company has a functional bank account in its name.

8. Proof of Paid-Up Capital:

  • Description: Documents or statements proving that the company has met the minimum paid-up capital requirement.
  • Purpose: To ensure that the company has sufficient capital as per regulatory requirements.

9. Corporate Documents:

  • Description: Relevant corporate documents such as the Memorandum of Association (MOA) and Articles of Association (AOA) if required.
  • Purpose: To verify the company’s structure and compliance with legal requirements.

10. KYC Documents of Directors:

  • Description: Identification and address proof documents of the company’s directors.
  • Purpose: To verify the identity and address of the directors.

11. Miscellaneous Documents (if applicable):

  • Description: Any additional documents required by the specific jurisdiction or based on the company’s structure.
  • Purpose: To meet any additional regulatory or local compliance requirements.

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FAQ'S

1. What is e-form INC 20A?

E-form INC 20A is a regulatory document required to officially declare the commencement of business operations by a newly incorporated company. It must be filed with the Registrar of Companies (RoC) to meet legal requirements.

2. Why is e-form INC 20A necessary?

The e-form INC 20A is required to confirm that a company has started its business operations and has complied with all regulatory requirements, including having a registered office and fulfilling minimum capital requirements.

3. Who needs to file e-form INC 20A?

All newly incorporated companies are required to file e-form INC 20A within a specified period from the date of incorporation to formally commence their business operations.

4. What documents are required for filing e-form INC 20A?

: Required documents typically include the completed e-form INC 20A, proof of registered office address, certificate of incorporation, board resolution, proof of subscription to shares, and a declaration of compliance.

5. What is the deadline for filing e-form INC 20A?

The deadline for filing e-form INC 20A is generally within 180 days from the date of incorporation. Specific deadlines can vary depending on jurisdiction and regulatory requirements.

6. What should be done if there are errors in the filed e-form INC 20A?

If errors are found, a revised e-form INC 20A should be filed with the correct information. It is important to address any discrepancies promptly to avoid regulatory issue

7. Can e-form INC 20A be amended after submission?

Yes, e-form INC 20A can be amended if changes or corrections are needed. A revised form should be filed, and any additional regulatory procedures must be followed.