Commencement of Business (INC-20A)

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INC-20A Filing

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Commencement of Business (INC-20A)

Required Compliance has been presented by the MCA according to the most recent statute of 2018. It is called eForm INC 20A. As per the previously mentioned statute. No organization that has been joined on or after second November 2018 can start the business except if they have documented the accompanying presentation through eForm INC 20A to the Registrar of Companies (ROC):

Each endorser of MOA has paid the estimation of offers consented to be taken by him on the date of making such affirmation.

This structure should be recorded before the endorsed due date. Not documenting the structure is a solicitation to punishments.

Why trust that punishments will arrive? CoTaxo can help you in documenting this consistence whenever you need. Our group of Company secretaries, Chartered Accountants, Lawyers and different business specialists are going to enable you to record this eForm rapidly.

And afterward, you can contact the skies with your business.

The documents required are following.

  1. Bank statement of the company.
  2. DSC of the director.
  1. If the form is not filed on time, the penalty depends upon the delay
  2. If the eForm is not filed at all even after the late fees is imposed, there are two kinds of penalties:
    1. Company Penalty is INR 50,000/-
    2. Officer penalty is of INR 1000 per day up to maximum INR 1,00,000/-
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COTAXO is a leading network of Corporate Registration professionals in India. It is the company registration consultant in Delhi, India with a substantial client base of hundreds of clients. Being experts in legal, professional and financial advisory services, our team is able to assist the clients with their several business needs like setting up a business entity and managing these entities in a successful and efficient manner. Our primary focus is towards assisting the clients with navigating the legal and the regulatory requirements that are related to business. With this purpose, our primary goal is to become the “partner of choice” for the assistance related to company registration and business management in India.
We dig deep, and we excavate to look into several ideas in order to provide you with the best services in order to make your business, a sustainable one. Our team entails the best Chartered accountants, the best lawyers, the best company secretaries, the best chartered engineers, cost accountants and the best bankers. Together, they form of the best online registration portal that is backed up by not just a behemoth talent, but also a colossal experience in the field of legal domain, and entrepreneurship. With these qualities that are accentuated in our work, we assist the entrepreneurs to set up their business entities and trademarks in the best legal way.