Commencement of Business (INC-20A)

INC-20A is a mandatory form filed by newly incorporated companies to notify the Ministry of Corporate Affairs (MCA) that it has commenced business operations. Filing INC-20A ensures legal compliance and allows the company to operate officially.

What is INC-20A?

INC-20A, also known as the Declaration of Commencement of Business, is submitted by the directors of a company after incorporation to confirm that the paid-up capital has been received and the company is ready to start operations.

Who Must File?

All newly incorporated companies registered under the Companies Act, 2013 are required to file INC-20A within 180 days from the date of incorporation.

INC-20A Filing Process

• Step 1: Prepare company details including directors and paid-up capital information.
• Step 2: Fill INC-20A form on MCA portal with accurate details.
• Step 3: Attach necessary declarations and DSC of directors.
• Step 4: Submit the form online on MCA and download acknowledgment.
• Step 5: Maintain records for future compliance and audits.

Benefits of Filing INC-20A

• Legal Compliance: Mandatory requirement under Companies Act, 2013.
• Official Operations: Legally enables commencement of business activities.
• Record Maintenance: Confirms receipt of paid-up capital by the company.
• Prevents Penalties: Avoids fines for late or non-filing.