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INC20A - Commencement of Business

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Overview

Congratulations on incorporating your private limited company in India! Now, your entrepreneurial spirit is poised to take flight, but before you soar into the vibrant tapestry of Indian business, there's one crucial step: filing Form INC 20A, your key to unlocking official operations. This declaration, akin to a pilot prepping for takeoff, signals to the Registrar of Companies that your company is ready to navigate the exciting skies of commerce.
More Than Just Paperwork:

Filing INC 20A, mandatory for companies registered after November 2nd, 2018, is far more than just ticking a box. It’s the official green light, granting your company the legal legitimacy to:

  • Engage in contracts and partnerships: No more operating in a legal grey area. With INC 20A, you can confidently secure deals, forge strategic alliances, and chart your business course with newfound credibility.
  • Borrow funds and invest: Accessing capital becomes a breeze when you’re officially operational. Banks and investors recognize INC 20A as a symbol of your commitment to responsible business practices, opening doors to financial resources that fuel your growth.
  • Embrace economic activity: From signing purchase orders to launching marketing campaigns, you’re now officially empowered to execute the very essence of your business plan. INC 20A unlocks the full potential of your entrepreneurial vision, turning dreams into tangible realities.

Filing INC 20A may appear intricate, but with a roadmap in hand, the journey becomes smooth and efficient. Remember these key milestones:

  • Time is of the essence: Act within 180 days of incorporation, ensuring you don’t miss the window to unleash your business potential.
  • Authorized signatures: Only directors empowered by the Board can pilot this crucial step.
  • Digital declaration: Embrace the convenience of online filing through the MCA portal.
  • Documentation checklist: Gather your boarding pass – share certificates, proof of initial share capital, a director’s signed declaration, and the fee payment challan – to ensure a seamless journey.
  • Professional verification: A Chartered Accountant, Company Secretary, or Cost Accountant acts as your co-pilot, verifying your documents and ensuring accuracy.
  • ROC approval: Once everything is in order, the ROC grants you the green light, officially welcoming your company to the Indian business landscape.
Unleashing Your Potential with CAA:

At Company Avenue Advisory (CAA), we’re your trusted navigational team, ensuring your INC 20A filing is as smooth as a clear blue sky. We offer comprehensive support, so you can focus on charting your business course:

  • Expert guidance: Our seasoned professionals handle the legalities and formalities with utmost precision, eliminating the complexities and keeping you informed every step of the way.
  • Document management: No need to navigate paperwork alone. We assist in completing the form, compiling required documents, and ensuring proper verification, guaranteeing a hassle-free journey.
  • ROC communication: We become your liaison with the ROC, addressing any queries and clarifications efficiently, freeing you to focus on your core business activities.
  • Compliance management: We keep you updated on filing deadlines and other legal requirements, ensuring your business operates with unwavering compliance, giving you peace of mind to pursue your aspirations.

With INC 20A successfully filed, your private limited company is finally equipped to take flight in the dynamic Indian market. Remember, CAA is your trusted copilot, ready to support you every step of the way as you navigate the skies of success. So, buckle up, entrepreneur – your exciting business journey awaits!

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Ultimate Startup Package

Our Ultimate Startup Package Service Include

Rs.21999/

/Including Govt. Fees

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*Fee is inclusive of Government Fee, Out of Pocket Expenses, Professional Fee and GST.
Ultimate Small Business Package

Our Ultimate Small Business Package Service Include

Rs.23999/

/Including Govt. Fees

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*Fee is inclusive of Government Fee, Out of Pocket Expenses, Professional Fee and GST.
Ultimate Enterprise Package

Our Ultimate Enterprise Package Service Include

Rs.25999/

/Including Govt. Fees

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*Fee is inclusive of Government Fee, Out of Pocket Expenses, Professional Fee and GST.
Common Questions

Most Popular Questions

Form INC-20A is a declaration required to be filed by newly incorporated private limited companies within 180 days of incorporation, confirming the commencement of business.

Filing Form INC-20A is mandatory under the Companies Act, 2013, to ensure compliance with regulatory requirements and confirm the commencement of business operations.

Non-filing or late filing of Form INC-20A may lead to penalties, fines, and legal consequences for the company and its directors.

Form INC-20A requires details such as the registered office address, details of subscribers, authorized share capital, paid-up capital, and declaration of commencement of business.

The procedure involves obtaining necessary documents, filling out Form INC-20A accurately, digitally signing the form, and filing it with the Registrar of Companies (RoC).

Yes, non-compliance may attract penalties, fines, and legal consequences, emphasizing the importance of timely filing.

Yes, Avenue Advisory provides expert assistance for filing Form INC-20A, ensuring accuracy, compliance, and timely submission to the RoC.

Avenue Advisory ensures compliance by guiding clients through the process, verifying documents, preparing accurate forms, and facilitating timely filings with the RoC.

Failure to commence business within the prescribed timeline may lead to legal consequences, such as being categorized as a dormant company or facing regulatory action.

Outsourcing to Avenue Advisory ensures accuracy, compliance, and peace of mind, allowing companies to focus on their core operations while fulfilling regulatory requirements.

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