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Commencement Certificate (Form 20A)

  • Jet-pack your company with the commencement of business certificate from Gainme.
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Required Documents

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Incorporation Certificate of Company

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MOA/AOA of company

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DSC of directors

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Bank Statement of company showing proof of capital subscribed or NEFT/IMPS Receipts

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Certificate of registration by RBI/SEBI (if applicable like in case of NBFC)

Required Documents

Incorporation Certificate of Company

MOA/AOA of company

DSC of directors

Bank Statement of company showing proof of capital subscribed or NEFT/IMPS Receipts

Certificate of registration by RBI/SEBI (if applicable like in case of NBFC)

Frequently Asked Question

Who is required to file Form INC-20A?

Every company incorporated after 2nd November 2018 and having a share capital is mandatorily required to file Form INC -20A to establish that the company has received the paid up capital amount and therefore eligible to commence its business

Who is not required to file Form INC-20A?

Following companies are not required to file Form INC-20A:-

  • Companies that are incorporated before 02nd November 2018 or
  • Companies that are limited by guarantee

What is the time limit for filing of Form INC-20A?

Form INC-20A is to be filed within 180 days from the date of incorporation of company

Is it mandatory to file Form INC-20A and which companies shall file it?

Yes, it is mandatory to file Form INC-20A and obtain a certificate for commencement of business

What are the penal consequences of non filing of Form INC-20A?

Following are the penal consequences of on filing of Form INC-20A:

  1. Penalty on defaulting company:-   Rs. 50,000
  2. Penalty on every officer in default of company:- Rs. 1000 per day subject to maximum of Rs. 1 Lakh
  3. If Registrar has reasonable cause to believe that the company is not carrying on any business, he may initiate action for strike off the name of the company
  4. The defaulting company cannot borrow money
  5. The defaulting company cannot start business

What are prescribed filing fees for Form INC-20A?

Quantum of Capital

Applicable Fees

Share capital less than Rs. 1Lakhs

Rs. 200

Share capital Rs. 1 Lakhs to Rs. 4,99,999

Rs. 300

Share capital Rs. 5 Lakhs to Rs. 24,99,999

Rs. 400

Share capital Rs. 25 Lakhs to 99,99,999

Rs. 500

Share capital Rs. 1 Crore or above

Rs. 600

In case the form is not filed on time, an additional charge is levied on the company, which is as follows:

  • 2 times of standard fee up to 30 days
  • 4 times of standard fee above 30 days but not exceeding 60 days
  • 6 times of standard fee above 60 days but not exceeding 90 days
  • 10 times of standard fee above 90 days but not exceeding 180 days
  • 12 times of standard fee above 180 days