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One Person Company Registration

What is form INC-20A ?

The MCA requires companies incorporated on or after 02/11/2018 to file the INC-20A form, also known as the Declaration of Commencement of Business. This form is mandatory for companies with share capital and must be submitted by the directors within 180 days from the date of incorporation. After the company receives its certificate of incorporation, the directors will file the declaration certificate of commencement of business. In addition, each promoter must deposit their subscribed share capital, as stated in the MOA, into a current account at a bank, as per the requirements. .



Documents required for filing INC -20A


Proof of payment of subscribed capital

Bank statement/ NEFT / IMPS receipts.

Registration Certificate

Certificate of registration by RBI/ other regulators (applicable to NBFC)

Consequences of non-filing

Company is liable to pay Rs. 50,000.

The registrar may initiate action for removal of the name of the Company.

Company would not be able to start its business or borrow money.

Every officer who is in default is liable to pay Rs. 1000/- per day of default upto a Maximum Rs. 1,00,000/-.

Due Dates

Late filing fees will be levied accordingly


Fulfill compliance in 3 Easy Steps

1. Answer Quick Questions
  • Spare less than 10 minutes to fill our online questionnaire
  • Upload required documents
  • Make quick payment through our secured gateways
2. Experts are Here to Help
  • Assigned Relationship Manager
  • Preparation and filing form online
  • CA/CS Certification
3. Your INC-20 Form is filed!
  • All it takes is 1 working day
*Subject to Government processing time

Process of filing KYC online

Day 1 - Collection, Preparation & Filing
  • Collection of Basic Information
  • Provide Required Documents
  • Preparation and filling an online form
  • Online filing with Professional Certification
  • Sharing approval in an email

Explore to know about INC-20 A

Frequently Asked Questions


Yes, it is mandatory to file Declaration of Commencement of Business by filing form 20A; to establish that the company has received the paid up share capital amount and is eligible to start its business and borrow money in its name.

Every company that is incorporated on or after 02/11/2018 and having a share capital is required to file INC 20A

Companies that are limited by guarantee i.e. the ones not having share capital or the ones incorporated before 02/11/2018 are not required to file it.

The due date for filing the declaration is within 180 days from the day of company incorporation.

Yes, the declaration is a one-time mandatory filing for companies incorporated post 02/11/2018.

The Government fee depends on your authorised capital, however a minimum fee is Rs. 200/- for a share capital less than one lakh.

No, You cannot start the business without filing this form.

It is one-time filing compliance.

MCA will charge penalty to the company as well as to its directors who commence the business without obtaining the decleration. Further, MCA may also strike off the company.

The Bank Account statement of a Company having all credit entries for receipt of subscription money received from all subscribers to MOA is to be attached with the form. One can also attach IMPS or NEFT receipts.

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