PATRA'S LAW CHAMBER SERVICES
Ensure Compliance with e-Form INC-20A Filing
At Patra’s Law Chambers, we offer expert legal assistance for Filing e-Form INC-20A – the declaration of commencement of business. As per the Companies Act, 2013, newly incorporated companies are required to file e-Form INC-20A with the Ministry of Corporate Affairs (MCA), declaring that they have received the necessary subscription money from shareholders and have commenced their business operations.
Failing to file this declaration can lead to penalties, the company being struck off from the registrar, and other serious consequences.
Know more about the service
1. What is e-Form INC-20A?
e-Form INC-20A is a mandatory form under the Companies Act, 2013, that must be filed by all companies incorporated after November 2, 2018. It serves as a declaration by the directors confirming that the company has received the paid-up share capital from its subscribers and has started its business operations.
Why is INC-20A Important?
- Mandatory Filing: All companies incorporated after November 2, 2018, must file INC-20A within 180 days from the date of incorporation.
- Avoid Penalty: Failure to file within the stipulated time can attract heavy penalties and possible action from the Registrar of Companies (ROC).
- Legal Requirement: Filing this form is crucial for the company to legally commence business activities and exercise borrowing powers.
Our e-Form INC-20A Filing Services:
- Document Verification & Review: We assist in verifying the company’s incorporation documents, share subscription details, and the certificate of incorporation to ensure all required details are in order.
- Filing e-Form INC-20A: We will prepare and submit the INC-20A form on behalf of your company with the Ministry of Corporate Affairs, ensuring timely and compliant filing.
- Consultation on Compliance: Our legal experts provide advice on complying with all post-incorporation statutory requirements, including maintaining accurate financial records and company filings.
- Annual Compliance Package: We offer comprehensive annual compliance services, including help with filing other necessary forms and annual returns.
Why is Filing e-Form INC-20A Necessary?
- Mandatory for Newly Incorporated Companies: All companies registered after November 2, 2018, are required to file this declaration to confirm the receipt of share capital and commencement of business.
- Prevent Penalties: Non-filing can lead to a penalty of ₹50,000 for the company and ₹1000 per day for each director, which can significantly escalate if not addressed promptly.
- Business Legitimacy: Filing INC-20A ensures that your company is legally recognized as having commenced its business operations and is compliant with ROC guidelines.
- Borrowing Powers: Without filing this form, the company cannot borrow funds or enter into certain contractual obligations.
Documents Required for Filing e-Form INC-20A:
- Certificate of Incorporation: Copy of the incorporation certificate issued by the Registrar of Companies.
- Bank Account Statement: Proof of receipt of the subscription money from shareholders, such as a bank statement or certificate from the bank.
- Board Resolution: A copy of the board resolution authorizing the filing of INC-20A.
- PAN Card: Copy of the PAN card of the company.
Additional Services:
- Penalty Handling: If your company has delayed the filing, we assist in calculating and managing penalties, ensuring that the company becomes compliant without unnecessary financial burden.
- Post-Incorporation Compliance: We provide complete post-incorporation legal services, including DIN activation, share allotment, and business commencement certificates.
- Company Law Compliance: Our team ensures that all required forms, returns, and declarations are filed in a timely manner to avoid regulatory issues.
Why Choose Patra’s Law Chambers for Filing e-Form INC-20A?
- Experienced Legal Team: Our legal experts are well-versed with the intricacies of company law and corporate compliance, ensuring that the filing process is smooth and error-free.
- End-to-End Service: We provide complete legal support from document preparation to filing and compliance follow-up, saving you time and effort.
- Compliance Assurance: We ensure that your company complies with all relevant provisions of the Companies Act, 2013, so that you can focus on growing your business.
- Timely Reminders: We track compliance deadlines and provide timely reminders to ensure you never miss an important filing.
Contact Us Today:
Kolkata Office: 6th Floor, NICCO HOUSE, 2, Hare Street, Kolkata-700001
Delhi Office: 1st Floor, Sadar Bazar Road, Paharganj House No.: 4455/VI, New Delhi-110001
Phone: +91 8250422880 / 7003715325
Email: [email protected]
Website: www.patraslawchambers.com
FAQs:
1. Who is required to file e-Form INC-20A?
All companies incorporated after November 2, 2018, must file INC-20A within 180 days from the date of incorporation to declare the commencement of business.
2. What happens if INC-20A is not filed?
Failure to file INC-20A will result in a penalty of ₹50,000 for the company and ₹1000 per day for each director. Additionally, the company may face other consequences, including being struck off by the ROC.
3. What documents are required to file e-Form INC-20A?
You will need the company’s incorporation certificate, proof of receipt of subscription money, bank account statement, board resolution, and PAN card.
4. Can a company operate without filing INC-20A?
No, a company cannot legally commence business or borrow money without filing INC-20A. The company must file this form to avoid penalties and operational restrictions.
5. Can I file INC-20A after the deadline?
Yes, but late filing will attract penalties. We can assist in the late filing process and help in managing penalties while ensuring full compliance.
Get Started Today!
Ensure that your company is legally compliant with the Ministry of Corporate Affairs by filing e-Form INC-20A with Patra’s Law Chambers. Contact us now for a seamless and timely filing experience!