Compliance to file declaration of commencement of business in eForm INC-20A

Notification No. 907 published on December 19, 2018

Declaration at the time of commencement of business : The declaration for commencement of business under section 10A by a director of a company having share capital shall be in Form No.INC-20A and shall be filed as provided in the Companies (Registration Offices and Fees) Rules, 2014 .

To Summarize :

1.This provision is applicable & mandatory  for Companies incorporated  on & after 2nd November 2018

2.Form INC -20A shall be filed within 180 days from the date of incorporation i.e. on or before 1st May 2019

3.Form INC-20A shall be verified by Company Secretary or a Chartered Accountant or a Cost Accountant, in practice

4.SEBI & RBI approvals needs to be attached , if Companies are required to get registration/approval under these regulators

5.The Form No.INC-20A has been made available by the Ministry of corporate affairs with effect from 26th January 2019

6.Non compliance is punishable under the Companies act