New company? You must file INC-20A within 180 days of incorporation before you can legally start business or borrow. We file it fast.
Every company with share capital must file a declaration of commencement of business in Form INC-20A within 180 days of incorporation, confirming that subscribers have paid their share capital. Until it’s filed, the company cannot legally commence business or exercise borrowing powers — and penalties apply for delay.
GovYapar files INC-20A with the required bank proof so your new company is legally cleared to operate.
A real Chartered Accountant handles the filing end-to-end.
Confirm subscribers paid in.
Declaration & bank proof readied.
Submitted to the ROC.
Company can now operate & borrow.
The company can’t legally commence business or borrow, and penalties apply to the company and directors. The ROC can even strike it off.
Evidence that subscribers paid their subscription money — typically a bank statement showing the capital received.
No — it applies to companies with share capital, not LLPs.