🧾 INC-20A – Declaration for Commencement of Business

🏢 Mandatory Compliance for Every Newly Incorporated Company in India

Starting a company is just the first step — officially commencing business operations requires compliance with Section 10A of the Companies Act, 2013.
At KLS Advisors, we assist companies in filing Form INC-20A, ensuring smooth regulatory approval and avoiding penalties or delays in business commencement.

💡 What is Form INC-20A?

Form INC-20A is a declaration that every company incorporated on or after 2 November 2018 must file with the Registrar of Companies (ROC) before commencing any business or exercising borrowing powers.
It confirms that the company has received the paid-up share capital from its subscribers and is ready to start operations legally.

⚖️ Legal Requirement

As per Section 10A of the Companies Act, 2013 and Rule 23A of the Companies (Inc.) Rules, 2014, every company (except those incorporated before 2 Nov 2018) must file Form INC-20A within 180 days of incorporation.
Non-compliance can attract heavy penalties and even suspension of business activities.

📋 Who Needs to File INC-20A?

• All Private Limited Companies

• All Public Limited Companies

• All One Person Companies (OPCs)
  (Limited Liability Partnerships – LLPs are not required to file this form.)

🕒 Timeline for Filing

Form INC-20A must be filed within 180 days from the date of incorporation.
Delay beyond this period may lead to penalties and restriction on business commencement.

📜 Documents Required

• Bank statement showing subscription money received from shareholders

• Certificate of Incorporation

• Proof of Registered Office (if not already verified)

• PAN Card of the Company

• Board Resolution authorizing filing of INC-20A

• Digital Signature (DSC) of Director

⚙️ Step-by-Step Filing Process

1️⃣ Open a Current Bank Account in the company’s name.
2️⃣ Deposit the Paid-Up Share Capital as mentioned in MOA.
3️⃣ Convene a Board Meeting to pass authorization for filing.
4️⃣ Prepare and Submit Form INC-20A online using MCA portal.
5️⃣ ROC Verification & Approval confirming commencement eligibility.

🚫 Consequences of Non-Compliance

• ₹ 50,000 penalty on the company.

• ₹ 1,000 per day penalty (up to ₹ 1 lakh) on every officer in default.

• The ROC may strike off the company’s name for failure to comply.

💼 How KLS Advisors Helps

• Expert guidance on statutory requirements & documentation.

• Preparation and review of Board Resolutions & declarations.

• Filing of Form INC-20A on the MCA portal with accuracy.

• Post-filing support & ROC communication till approval.

• Transparent pricing and timely execution assured.

🌟 Why Choose KLS Advisors

• Team of Qualified Company Secretaries & Legal Experts

• Quick turnaround with error-free filing

• 100% Compliance with Companies Act, 2013

• Trusted by Startups & SMEs Nationwide

🚀 Commence Your Business Legally and Confidently

Let KLS Advisors take care of your Form INC-20A compliance so you can focus on building your business.
Our experts ensure hassle-free filing and ROC approval — on time and with complete accuracy.

📞 Contact Us: +91-9717720616
✉️ Email: info@klsadvisors.in
🌐 Website: www.klsadvisors.in