Commencement of Business
Filing the declaration of commencement of business within 180 days of incorporation, a mandatory step before a newly incorporated company can start operating or borrowing.
Every company incorporated with share capital after the relevant amendment to the Companies Act must file Form INC-20A within 180 days of incorporation, declaring that subscribers to the memorandum have paid for their shares and that the company's registered office has been verified. A company cannot commence business, exercise borrowing powers, or allot further shares until this declaration is filed, and directors can face penalties for failing to file it on time.
What our commencement of business service covers
Getting the declaration filed correctly within the 180-day window.
- Confirming subscriber money has been received in the company's bank account
- Verifying the registered office is on record and functional
- Preparing the declaration and supporting bank statement
- Filing Form INC-20A with the Registrar within the deadline
- Advising on penalties and remedial steps for delayed filing
- Coordinating with directors for digital signature and certification
What Form INC-20A confirms
Two conditions must be verified before the company can operate.
Subscription Money Received
Confirms subscribers to the memorandum have paid for the shares they agreed to take.
Registered Office Verified
Confirms the company's registered office is functional and on file with the Registrar.
Our process
From initial consultation to completion.
Fund Verification
Checking that subscriber money has been credited to the company's bank account.
Documentation
Preparing the declaration, bank statement and director certification.
Filing
Filing Form INC-20A with the Registrar within 180 days of incorporation.
Confirmation
Obtaining confirmation that the company can now commence business and exercise borrowing powers.
Why this filing can't be skipped
What sets our approach apart.
The company can't legally operate without it
A company cannot commence business or exercise borrowing powers until INC-20A is filed.
Penalties apply for delay
Both the company and its officers can face penalties if the declaration is not filed within 180 days.
The ROC can strike off the company
Persistent failure to file can be treated as grounds for the Registrar to remove the company's name from the register.
Commencement of Business questions answered
What people ask before engaging us.
Recently incorporated your company?
We'll get your commencement of business declaration filed before the deadline.
