Commencement of Business – INC-20A

Certificate of Commencement of Business (COB) – Form INC-20A

If your company is incorporated with share capital, filing the Commencement of Business declaration (Form INC-20A) is a mandatory MCA compliance before starting any business operations.

At Thrive Tax Solutions, we assist companies in obtaining their Certificate of Commencement of Business quickly and accurately, ensuring full compliance with the Companies Act, 2013.

📘 What is Commencement of Business?

Commencement of Business is a declaration filed by the company confirming that:

  • Shareholders have paid the share subscription amount, and
  • The registered office is properly verified

This declaration is filed with the Registrar of Companies (ROC) through Form INC-20A.

👤 Who Must File INC-20A?

  • Companies incorporated after 2 November 2018
  • Companies having share capital, including:
  • Private Limited Companies
  • Public Limited Companies
  • Section 8 Companies (with share capital)

📅 Due Date

  • Within 180 days from the date of incorporation

🚫 Exemptions

  • Companies incorporated before 2 November 2018
  • Companies without share capital

📂 Documents Required

  • Bank statement showing receipt of share subscription money
  • Registered office address proof
  • Board resolution & directors’ declaration
  • RBI registration (if applicable)

⏰ Penalty for Non-Compliance

  • Company penalty: ₹50,000
  • Director penalty: ₹1,000 per day (maximum ₹1,00,000)
  • ROC may initiate company strike-off

🛠 Our Services Include

  • Preparation & filing of Form INC-20A
  • Verification of subscription money proof
  • Professional certification (CA / CS)
  • MCA filing & status tracking
  • Deadline monitoring

⭐ Why Choose Thrive Tax Solutions?

  • Accurate & timely filing
  • Complete MCA compliance support
  • Avoid penalties & strike-off risk
  • Transparent & professional service
Get Help with INC-20A Filing