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.
Your INC-20A is prepared, filed and followed up by a Chartered Accountant.
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.