- +1 (212)-695-1962
- info@elementskit.com
Form INC-20A is a mandatory ROC filing under the Companies Act, 2013, required to be filed by newly incorporated companies before commencing business operations in India.
Through INC-20A, a company declares to the Registrar of Companies (ROC) that it has received its subscribed share capital from shareholders and has complied with the initial conditions prescribed by law.
INC-20A was introduced to curb the formation of shell companies and to ensure that only genuine businesses commence operations.
Failure to file INC-20A within the prescribed time can result in penalties, restrictions on business activities, and action for removal of the company’s name from the ROC.
Let our compliance experts handle your INC-20A filing accurately and on time.
INC-20A is a Declaration of Commencement of Business filed under Section 10A of the Companies Act, 2013.
📌 A company cannot commence business or exercise borrowing powers unless INC-20A is filed with ROC.
It acts as a statutory checkpoint before a company begins its operations
⏰ Delay or non-filing may lead to:
You focus on growing your business — we’ll handle the legal compliances and regulatory complexities
1. Opening of company bank account
2. Deposit of subscribed share capital by shareholders
3. Collection of bank statement as proof
4. Preparation of INC-20A declaration
5. Professional verification and certification
6. Filing of INC-20A with ROC
⚠ Penalty on Company: ₹50,000
⚠ Penalty on Directors: ₹1,000 per day (Maximum ₹1,00,000)
⚠ Company cannot commence business or borrow funds
⚠ ROC may initiate action for removal of company name under Section 248
⚠ Issues in future ROC filings and statutory compliances
⚠May lead to long-term compliance issues for directors if defaults continue
You focus on growing your business — we’ll handle the legal compliances and regulatory complexities
INC-20A is a declaration filed with the Registrar of Companies (ROC) to confirm that a company has received its subscribed share capital and is eligible to commence business, as required under Section 10A of the Companies Act, 2013.
Yes. INC-20A is mandatory for all companies having share capital incorporated on or after 2nd November 2018, including Private Limited and Public Limited Companies.
INC-20A must be filed within 180 days from the date of incorporation of the company.
No. A company cannot legally commence business or exercise borrowing powers unless INC-20A is filed and approved on the MCA portal.
The primary document required is a bank statement showing receipt of subscribed share capital from all MOA subscribers, along with incorporation details and DSC of the director
Non-filing or late filing can attract penalties on the company and officers, and ROC may initiate strike-off proceedings for the company.
No. ROC does not issue any physical or electronic certificate. The approved status and acknowledgement on the MCA portal serve as proof of filing.
Yes. INC-20A filing is mandatory even if the company has not started operations or generated any income.
No. The Companies Act does not provide any extension for filing INC-20A beyond 180 days.
No. INC-20A can be filed only after the full subscribed share capital mentioned in the MOA is received.
No. A company bank account is mandatory, as the bank statement is required as proof of capital receipt.
No. Companies without share capital are exempt from INC-20A filing.
Yes. There is no minimum threshold. Even a small subscribed capital must be fully received and declared.
No. INC-20A is applicable only to companies registered under the Companies Act and does not apply to LLPs.
Both are mandatory but serve different purposes.
Starting a company involves multiple compliances — let professionals handle it.
We ensure accurate documentation, timely filing, and complete ROC compliance.
File INC-20A Now | Get Free Consultation
