Companies incorporated with share capital must file Form INC-20A within 180 days of incorporation, declaring that every subscriber has paid for the shares agreed, supported by bank statement proof. Until it is filed, the company cannot commence business or borrow. Non-filing attracts penalties and can lead to strike-off.
Who must file
All companies with share capital incorporated after the requirement came into force, including OPCs and private companies.
Steps
- Open bank account.
- Collect subscription money.
- Obtain bank statement.
- File INC-20A with DSC and professional certification.
Penalties
Penalties apply to the company and each officer in default, and the ROC may remove the company's name.
Short on time? Leegal can handle Form INC 20a for you, end to end.
Get expert help →Tips
Deposit share money early and file well before the deadline.
Frequently asked questions
Is INC-20A needed for Section 8 companies without share capital?
Companies without share capital are not required to file it.
Can INC-20A be filed late?
Yes, with additional fees and potential penalty.
Is registered office verification required?
The company must have a verified registered office; INC-22 may be relevant.
What if a subscriber did not pay?
Resolve subscription before filing, as the declaration must be true.
Let Leegal handle your Form INC 20a
Documentation, filing and follow-up by a dedicated expert, so you can focus on running your business.
- Dedicated point of contact
- Transparent pricing
- Pan-India service