Question
What is Form INC-20A (commencement of business) and its due date?
Answer
Bottom line: INC-20A is the declaration of commencement of business, due within 180 days of incorporation.
1. Who
Every company with share capital incorporated on or after 2 November 2018.
2. Time limit
File within 180 days, declaring that subscribers have paid their share money.
3. Penalty
The company pays ₹50,000 and officers ₹1,000 a day (up to ₹1,00,000); the ROC may also strike off the company.
Manage compliance with our Company Secretarial Registers (Excel).
This answer is general information based on the law as it stood when written and is not professional advice on your specific situation. Verify the current position and consult a qualified professional before acting. See our disclaimer.