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INC 20A
In the context of business and company registration in India, "INC 20A" might refer to a form related to the declaration of business commencement. Companies in India are required to file various forms with the Ministry of Corporate Affairs (M CA) during different stages of their existence. You can choose my dream consultant top INC 20A- Business Commencement.
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WHAT IS INC 20A – Business Commencement?
In the context of business and company registration in India, “INC 20A” might refer to a form related to the declaration of business commencement. Companies in India are required to file various forms with the Ministry of Corporate Affairs (M CA) during different stages of their existence. You can choose my dream consultant top INC 20A- Business Commencement.
What are the key elements of inc 20a – business commencement?
- Mandatory Filing:
- Business Commencement:
- Timeline:
- Penalties for Non-compliance:
Documents required for inc 20a – business commencement?
- Bank Statement: A copy of the bank statement showing the subscription money received from the subscribers to the memorandum of association.
- Certificate of Incorporation: A copy of the Certificate of Incorporation issued by the Registrar of Companies (RoC).
- Memorandum of Association (MoA) and Articles of Association (AoA): Copies of the MoA and AoA of the company.
- Registered Office Address Proof: Documents supporting the registered office address, such as a utility bill, lease agreement, or any other valid document.
- List of Directors: A list of directors along with their consent to act as directors.
- Details of Subscribers: Details of subscribers to the memorandum of association, including their names, addresses, occupations, and the number of shares subscribed.
- Paid-up Share Capital Confirmation: Confirmation of the amount of paid-up share capital.
Benefits of inc 20a – business commencement?
- Legal Compliance:
- Avoiding Penalties:
- Business Operations Confirmation:
- Maintaining Good Standing:
- Access to Banking Facilities:
- Operational Flexibility:
- Meeting Statutory Obligations:
Stepwise process of inc 20a – business commencement?
- Hold Board Meeting:
- Open Bank Account:
- Subscriber’s Proof of Payment:
- Prepare Documents:
- Draft Board Resolution:
- File Form INC-20A:
- Certificate of Commencement of Business:
- Update Company Records:
- Compliance Monitoring:
- Seek Professional Guidance:
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