When Changes Required

There are multiple reasons a firm can decide to change its registered office. Stakeholders and the committee of directors have the power to choose the area of the registered office.

The only explanation required is their satisfaction. Although, in some scenarios, a need occurs to shift the registered department area from one place to another.

Firms are expected to shift their registered office address when it is growing at a rapid pace and the office area and infrastructure does not suit the company’s present location.
If the Firm is in the final months of its lease or rent and they are planning to rent another office at the lease in a better locality.
If a firm is planning to expand its business for employment development and hence planning to change its registered office to an area where it can examine the required possibility
If another firm is buying out your firm, the enrolled office address will be bound to change.

Start Your Business Legally – File INC-20A Today!

Mandatory Declaration for Commencement of Business (Companies Act, 2013)
Newly incorporated companies must file Form INC-20A within 180 days to avoid penalties and stay compliant.

Commencement of Business(INC20A)

Consequences ofNon-Filing Form INC-20A

Monetary Penalty on Company

A fine of ₹50,000 is imposed on the company for non-compliance.

Penalty on Directors

Every officer in default (usually the directors) is liable to a penalty of ₹1,000 per day, up to a maximum of ₹1,00,000.

Business Operations Restricted

The company cannot commence business activities or exercise any borrowing powers unless Form INC-20A is duly filed.

Bank Account Issues

Banks may refuse to activate or operate the company’s current account until INC-20A is filed.

Registrar May Strike Off Company

If the declaration is not filed within the prescribed period, the Registrar of Companies (ROC) may initiate strike off proceedings against the company.

Negative Impact on Compliance Record

Non-filing affects the company’s legal standing, credibility, and ability to apply for registrations, licenses, or participate in tenders.

Why isINC-20A Important?

Filing INC-20A is mandatory to legally commence business operations. Without it, the company is not permitted to carry out any business activity.

Banks and financial institutions often require proof of INC-20A filing to activate current accounts and process loans or capital infusion.

Timely filing helps avoid penalties of up to ₹50,000 on the company and ₹1,00,000 on each director for non-compliance.

The Registrar of Companies can strike off companies that fail to file INC-20A within 180 days, effectively closing the business.

DocumentRequired

Proof of Payment for Subscribed Share Capital

Bank statement of the company’s current account showing credit of subscription money from the shareholders

Certificate of Incorporation (COI)

A copy of the company’s Certificate of Incorporation issued by the ROC.
(For reference and record purposes.)

PAN Card of the Company

A self-attested copy of the company’s PAN card

MOA & AOA (Optional but Recommended)

A copy of the Memorandum and Articles of Association for internal reference or if required by the professional preparing the form.

Board Resolution (Optional)

A certified copy of the board resolution authorizing a director to file Form INC-20A, especially if required by the practicing professional.

Digital Signature Certificate (DSC)

DSC of a director who is authorized to sign the form.

Professional Certification

Declaration must be digitally certified by a practicing Chartered Accountant (CA), Company Secretary (CS), or Cost Accountant

Process To Follow For Registration

Commencing your business is a straightforward process. Simply follow these four easy steps to begin operations legally, establish credibility, and move forward with a fully compliant business identity.

1. Start Application

Share basic info about your business.

2. Add Documents

Attach ID, address, and business proof.

3. Verify and Approve

We check everything before submission.

4. Launch with License

Get your certificate and start operations.

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Frequently asked Questions

What is Form INC-20A?

Form INC-20A is a declaration filed by a company with the Registrar of Companies (ROC) confirming that it has received the subscription money from shareholders and has commenced business operations.

Who is required to file INC-20A?

All companies incorporated on or after 2nd November 2018 with share capital are required to file Form INC-20A within 180 days from the date of incorporation.

Is INC-20A applicable to LLPs?

No. LLPs are not required to file Form INC-20A. This requirement applies only to companies incorporated under the Companies Act, 2013 with share capital.

What is the due date for filing INC-20A?

The form must be filed within 180 days from the date of incorporation of the company.

What are the documents required for INC-20A?

Key documents include:
• Proof of receipt of share subscription money (e.g., bank statement)
• Certificate of Incorporation
• PAN of the company
• Digital Signature of the director
• Professional certification from CA/CS/CMA

What is the penalty for not filing INC-20A on time?

• Company Penalty: ₹50,000
• Director Penalty: ₹1,000 per day (up to ₹1,00,000 per director) In addition, the company cannot commence business or borrow funds until the form is filed.

Can the company open a bank account before filing INC-20A?

Yes, a bank account can be opened, but banks may restrict transactions until proof of filing INC-20A is submitted.

Can the ROC strike off the company for non-filing of INC-20A?

Yes. If INC-20A is not filed within the prescribed period, the ROC has the power to initiate strike-off proceedings under Section 248 of the Companies Act.

Is a professional certification required for filing INC-20A?

Yes. The form must be digitally certified by a Chartered Accountant (CA), Company Secretary (CS), or Cost Accountant (CMA) in practice.

Can Form INC-20A be revised after submission?

No, once filed and approved, INC-20A cannot be revised. Ensure all information is accurate before filing.