As per companies act 2013 any company incorporated with a share capital have to file a form 20a with the registrar. it is a green light to the government that is started a business. this is a conclusive evidence for a company it is a communication to be issued by the directors within 180 days of incorporation of the company stating that the subscribers to the Memorandum of the company, have paid the value of shares so agreed by them, along with a verification of registered office address of the company.  This declaration needs to be filed along with proof of subscription money received by the company in form 20A with the Registrar of Companies.

WHO REQUIRED TO FILE COMMENCEMENT OF BUSINESS?

Any company having share capital incorporated on or after 2^nd November 2018

Yes! for Section 8 Companies having share capital need to file form 20A.

PENALTY IF NOT FILED

• 50,000/- for Company
• 1000/- per day for defaulting directors (maximum Rs. 1,00,000/-)

TIMELINE TO FILE

Within 180 days from the date of incorporation.

• Drafting of Documents
• Filing of Form 20A

• All companies incorporated after 2nd November 2018 have to file Form 20A within 180 Days from the date of incorporation

• Purchase of Package
• Send Company Bank statement which has to show the subscription amount deposited.
• Drafting of documents
• Filing of Form 20A