Commencement of Business
E form INC 20A
Obtain the Commencement of Business Certificate by filing Form INC 20A with ThinkBiz Filings at INR 1299/- only.
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What is Commencement of Business Certificate and form INC 20A?
All you need to know
The newly rolled out and most discussed among the corporate is Form INC 20A. Those Companies registered in India after the commencement of the Companies (Amendment) Ordinance, 2018 and having share capital is required to obtain the commencement of business certificate before commencing any business or exercising any borrowing powers. One can say that the Ministry has reintroduced the concept of Commencement of Business Certificate via Form INC-20A on MCA.
Form INC 20 A(Commencement of Business Certificate):
Form 20A is a declaration that needs to be filed by the directors of the company at the time of the commencement of the business. It should be verified by a Chartered Accountant (CA) or Company Secretary (CS) or a Cost Accountant in practice.
Who should file form INC 20A?
On the 2nd of November, 2018 the Companies (Amendment) Ordinance 2018 was introduced, hence any company incorporated after this date will be required to file Form INC-20A. within 180 days from the date of incorporation of the company.
Government Fees for Form INC 20 A (Commencement of Business Certificate):
Nominal Share Capital | Applicable Fees in (Rs.) |
Where share capital is less than 1,00,000 | 200 |
1,00,000 or above but not exceeding 4,99,999 | 300 |
5,00,000 or above but not exceeding 24,99,999 | 400 |
25,00,000 or above but not exceeding 99,99,999 | 500 |
1,00,00,000 or above | 600 |
Form INC 20 A late filing fees (Commencement of Business Certificate):
Period of delay | late fees |
Up to 30 days | 2 times of normal fees |
More than 30 days and up to 60 days | 4 times of normal fees |
More than 60 days and up to 90 days | 6 times of normal fees |
More than 90 days and up to 180 days | 10 times of normal fees |
More than 180 days | 12 times of normal fees |
What are the Penalties for non filing of Form INC 20 A for Commencement of Business?
- 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
Consequences of non-filing of Form-INC-20A may create hindrance for companies to start their business and also while borrowing of money. The company would be liable to a Penalty for late filing the Form INC-20A if it exceeds 360 days of from the date of incorporation.
Suggested Read: Mandatory Compliance for Private Limited Company
ThinkbizFiling.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, Company Annual Filing, LLP Annual Filing, Tax Consultancy Services, and management consultancy services to clients in India and abroad. Filing of E-Form INC-20A is easy, seamless, cheapest and quickest with ThinkbizFiling.com! Get in touch with ThinkBiz Filings Compliance Manager to understand what is E – Form INC-20A filing process and whether you need to file E – Form INC-20A. on 09704561215 or email info@thinkbizfilings.com for for free consultation, and to know more about the services provided by us.
INC 20A Filing Fees
Choose Your Package
- Form 20A Filing for capital upto INR 1 Lakh
- Form 20A Filing for capital upto INR 25 Lakh
- Form 20A Filing for capital upto INR 50 Lakh
Compliance Requirements for a Partnership Firm
Documents Required for Partnership Firms
Key Benefits of a Partnership Firm
Points to make your decision easy
Our most honorable clients
- MCA compliance refers to the mandatory filings and regulations that companies must follow as per the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013.
- Compliance ensures legal standing, avoids penalties, and helps maintain transparency in business operations.
- All companies and Limited Liability Partnerships (LLPs) registered in India, including: ✅ Private Limited Companies ✅ Public Limited Companies ✅ One Person Companies (OPC) ✅ LLPs ✅ Nidhi Companies ✅ Producer Companies
- Non-compliance can lead to: ✅ Heavy penalties and fines ✅ Disqualification of directors ✅ Strike-off of the company ✅ Legal prosecution
- A Private Limited Company must file: ✅ AOC-4 – Filing of Financial Statements ✅ MGT-7 – Filing of Annual Return ✅ DIR-3 KYC – Director KYC filing ✅ ADT-1 – Auditor Appointment
- LPs must file: ✅ Form 8 – Statement of Accounts & Solvency ✅ Form 11 – Annual Return
- For Companies: ✅ AOC-4: Within 30 days of AGM ✅ MGT-7: Within 60 days of AGM 📌 For LLPs: ✅ Form 8: 30th October ✅ Form 11: 30th May
- ate filing attracts penalties of ₹100 per day per form, with no upper limit until the filing is completed.
- DIR-3 KYC is a mandatory KYC compliance for all directors having a DIN (Director Identification Number).
- It must be filed annually before 30th September of each financial year.
- Don’t worry!! Our expert will help you to choose the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@thinkbizfiling.com or call us @+91 970 456 1215
