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What will happen if I have not filed INC 20A ?

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B Samrish & Co. Company Secretaries B Samrish & Co. Company Secretaries, www.bsamrishindia.com verified
Answered on December 28,2021
  • In case of failure of filing Form 20A with the ROC, Company shall be liable for penalty of 50,000/- and every officer shall be liable to penalty of Rs. 1,000/- for each day till the default continues subject to maximum amount of Rs. 1,00,000/-.

 

  • Non-compliance of the Section could be a ground for striking-off the Company under Section 248 of the Companies Act, 2013.

 

  • In case of filing of form after the expiry of 180 days, Companies would firstly be required to file Form INC-28 for condonation of delay (in filing of Form INC-20A) and after payment of penalties as specified in the Act can proceed with the filing of Form INC-20 A with additional fees (as may be applicable)

 

To know more please visit our blog:

Re-introduction of filing of Declaration before Commencement of Business.

 

 

 

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Guide

Form INC 20A : Declaration of Commencement of Business

Form INC 20A: Declaration for the Commencement of Business is the declaration that the Director of the Company needs to file with the Registrar of Companies. This declaration is filed in For..
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