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What is Commencement of Business (INC 20A) Filing ?

A Limited Company is identified by a name and the selection of name is as per the discretion of a company. In other words, a company can alter its name whenever it wants to. However, the name change should be as per the regulations and procedures of company laws.

Documents required for Commencement of Business
  • Subscribers proof of payment for value of shares i.e. bank statement of Subscribers
  • Certificate of Incorporation
  • Digital Signature of Director
Penalty for Form INC 20 A for Commencement of Business
  • Company will be liable to pay Rs. 50,000 penalty for not filing the Form INC 20A
  • Every officer who is in default is liable to pay Rs. 1000/- per day of default upto a Maximum Rs. 1,00,000/-
  • Registrar may initiate action for the removal of the name of Company / Strike off company name
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