INC 20A is a mandatory declaration that needs to be filed by newly incorporated companies in India under the Companies Act, 2013. This form serves as a declaration for the commencement of business and must be filed after incorporation but before starting any business operations or exercising any borrowing powers.
The form must be filed within 180 days from the date of incorporation. It requires the company to declare that every subscriber to the memorandum has paid the value of shares agreed to be taken by them and to provide proof of a bank account in the company's name with the paid-up capital deposited. This is a crucial compliance requirement to ensure that the company has received the necessary capital before commencing business activities.
Click Here To Get Services
Unwavering Client Commitment: We genuinely care about your financial well-being and business success. That's why we build lasting partnerships and always put your best interests first.
Proactive Financial Strategy: You can expect our advisors to thoroughly understand your goals before creating a tailored plan. We focus on proactive tax strategies and financial insights to help you grow.
Dedicated Accounting Expertise: Our team of qualified accountants and CAs possesses deep, up-to-date knowledge of tax laws and accounting standards, ensuring your compliance and financial health are managed effortlessly.
.webp)
