Overview
A newly incorporated company with share capital must file a declaration of commencement of business (INC-20A) within the prescribed time, confirming that subscribers have paid in their capital. Without it, the company cannot start business or borrow.
CorpRaasta files INC-20A with the bank proof of subscription to keep your new company compliant.
What is Commencement of Business (INC-20A)?
INC-20A is a declaration of commencement of business filed by a newly incorporated company with share capital, confirming receipt of subscription money.
Who needs it
Newly incorporated companies with share capital
Founders after opening the company bank account
Companies before starting operations/borrowing
Startups completing post-incorporation steps
Documents required
Bank statement showing paid-up capital
Company and director details
Board confirmation
Subscription details
DSC of director
How it works
01
Confirm capital
We verify subscription money is received.
02
Prepare INC-20A
The declaration is prepared with bank proof.
03
File
INC-20A is filed with the ROC.
04
Confirmation
Filing is acknowledged.
Benefits
Allows the company to start business
Avoids penalties for non-filing
Proper post-incorporation compliance
Simple, quick filing
Expert handling
HOW CORPRAASTA HELPS
What we do for you
INC-20A preparation with bank proof
ROC filing
Post-incorporation compliance guidance