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Startup Counter

THINGS TO KNOW BEFORE YOU REGISTER-INC 20A

Form INC 20A is used to furnish the declaration of commencement of business within 180 days of incorporation of company with the ROC that “every subscriber to MOA has paid the values of shares agreed to be taken by him on the that of declaration” and the form shall be verified by a CS, CA or Cost Accountant in practice.

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introduction

INTRODUCTION

Form INC 20A is used to furnish the declaration of commencement of business within 180 days of incorporation of company with the ROC that "every subscriber to MOA has paid the values of shares agreed to be taken by him on the that of declaration" and the form shall be verified by a CS, CA or Cost Accountant in practice.

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APPLICABILITY

As per section 10A of Companies Act 2013, every company incorporated on or after 02/11/2018 having share capital must file, a declaration in form INC 20A within 180 days of incorporation of company, to commence its business or exercise any borrowing power. Provided that if company pursuing objects requiring approval or registration from any sectoral regulators such as Reserve Bank of India, SEBI etc. than the registration or approval shall also be obtained and attached with the declaration.

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DUE DATES

penalty

PENALTY

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CONSEQUENCES

exemption

EXEMPTIONS

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