Business Commencement Certificate Filing (20A)

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COMMENCEMENT OF BUSINESS CERTIFICATE (INC-20A)

Companies registered in India after the commencement of the Companies (Amendment) Ordinance, 2018 and having a share capital is required to obtain commencement of business certificate before commencing any business or exercising any borrowing powers. Since the Companies (Amendment) Ordinance 2018 was introduced in November 2nd 2018, any company incorporated after 2nd November 2018 would be required to obtain Commencement of Business Certificate.

It is a Declaration to be issued by the directors within 180 days of incorporation of company stating that the subscribers to the Memorandum of the company has paid the value of shares so agreed by them. This declaration need to be filed along with Bank Statement (proof of subscription money received by the company) in form 20A with the Registrar of Companies.

Description

 

COMMENCEMENT OF BUSINESS CERTIFICATE (INC-20A)

It is a Declaration to be issued by the directors within 180 days of incorporation of company.

There are few simple steps for filing of Commencement of Business Certificate:

  • GATHER INFORMATIONeZeefiling will gather information from you
  • VERIFICATIONeZeefiling will verify the documents.
  • FILLING OF FORMSAfter Verifying the documents, eZeefiling will file the Forms
  • REGULAR UPDATESYou will receive regular updates until registration.

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