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INC-20A form is a declaration by the company for commencement of business. All companies registered in India, except those registered under section 8 of the Companies Act, 2013, are required to file INC-20A within 180 days of incorporation..
Yes, it is mandatory to file INC-20A even if the company has not commenced its business. Failure to file the form within the prescribed time can lead to heavy penalties.
The documents required for filing INC-20A include the certificate of incorporation, bank statement, and GST registration certificate (if applicable).
Yes, the INC-20A form can be filed online on the Ministry of Corporate Affairs (MCA) portal.
The penalty for late filing of INC-20A form is Rs. 50 per day, up to a maximum of Rs. 10,000. In addition, the company will be marked as 'ACTIVE non-compliant' on the MCA portal.
Yes, a company can file the INC-20A form after the 180-day period by paying additional fees. However, the company will be marked as 'ACTIVE non-compliant' until the form is filed and penalties are paid.