Home |Anjali Bansal Anjali Bansal Practicing Company Secretary 49 Answers, 58 Claps, 32239 Views Share × Feeds Questions Answers Guides We have incorporated 2 months before. We did not commence any business and not filed inc-20a. I want to close the company. What will be the best way to do it? You will have to wait for 1 year to close this company. If you have intention not to operate then simply cease to do any business. After 1 year please reach out to me at anjalibansalcs@gmail.com. I will… 1 0 109 While filing INC 20A showing din not matched with cin but all the details are correctly mentioned. What to do? Hi, Due to the updation in the MCA portal from V2 to V3 this is the technical error that most of the companies are getting. You can write to mca helpdesk and also raise a ticket with crc for support. For… 1 0 308 If I start the auto finance lending company on February. There is only 1 month to end of financial year. In this situation, auditing accounts submission is essential or not? Hi, So if your company was incorporated in February, 2023 you do not really need to audit the books for one month. You can do the audit for FY ending March, 2024 but the audit period will be February,… 1 0 19 What are the advantages of a mainland company setup in Sharjah? If you want flexibility to trade and freedom then you can go for company set up in Sharjah. Mainland companies are allowed to conduct business within local market as well as outside UAE. For more… 1 0 76 How do we get an offshore company registration in Dubai? Hi, If you are looking to register a company in Dubai, I can help you get the entire incorporation done. If you are looking for assistance, please write to me at anjalibansalcs@gmail.com 1 0 59 We haven't filed inc -20A. The members haven't paid their subscription amount yet. The Company was incorporated 1.5 years back. The company hasn't done any business till date. Is there a way to revive the company now without the penalties? Since the subscription amount is not yet paid, please ask the subscriber to make the payment first. Have the bank account been opened? Please write to me at anjalibansalcs@gmail.com. 1 0 179 In Form DIR-12 for Appointment of CS the error is, company secretary is having a certificate of practice number issues by ICSI. But, as per ICSI record COP is cancelled. MCA not updating the details what should i do? Hi,I think you should check whether the COP fees has been paid for the practicing CS or not. If not then the CS should pay the fees and activate the COP no. If its already active, then in my… 1 0 84 A private limited was incorporated in the current financial year and now due to inactivity it needs to be closed.Form INC20A and Adt 1 has already been filed. My query is whether statement of accounts for closure can be signed by a different CA other than the CA i.e auditor already appointed.As the auditor appointed is unavailable to sign. Yes it has to be ideally signed by the already appointed statutory auditor. If at all he is not available then show his resignation as casual vacancy and appoint a new Statutory Auditor and complete the… 1 0 52 I have applied for a company name which contains a particular word. However, CRC is not approving name applications stating that "The name includes ... which is an established brand, kindly provide NOC to use the same as prefix." What to do? Hi, if a name already have a registered trademark on its name or is similar to any existing name. Its likely that CRC will not approve the same. You can try from some other name. To… 1 0 248 Is it possible to surrender DIN on voluntary basis if he/she no longer exists in any Company/LLP? Yes. 1 0 38 While I am doing pre-Scutiny of the form INC-20A, it is showing error "registered office address is not updated in the system". What to do? Shall I file INC 22? Yes. 1 0 1572 Can we go for share transfers before filing INC 20A with MCA? No ideally. You should close the filing of INC-20A. 1 0 531 We had opened a company which was never functional. Company was marked as defunct but we are stlll linked as director with DIN numbers. How can I delink myself from this company and surrender DIN? You can file DIR-11 and then apply for surrender of your DSC no. To know more in detail, please write to me at anjalibansalcs@gmail.com. 1 0 164 Can you help me how can I resign from my directorship of a Pvt Ltd company? You can give resignation in the company in which you are a director and the company shall your resignation in a Board Meeting and file Form DIR-12 with ROC informing about your resignation. You… 1 0 195 If some mistake is made in ADT-1 form regarding year, how to revise it in ADT-1 form? In my view you can file a revised ADT-1 with a clarification note specifying the error in the previous filed ADT-1. 1 0 1383 Can we do both appointment and cessation of Directors due to death in same form? Yes. If both the appointment and cessation resolution are passed in the same Board Meeting, you can file one DIR-12. To know more, please write to me at anjalibansalcs@gmail.com 1 0 648 DIR 3 KYC annually karna padhta h? Yes. For the first year you will have to file the Form DIR-3 KYC and subsequent years, DIR-KYC web verification shall suffice. 1 0 35 My company has not filed INC 20 A. It's a Pvt Ltd. We have not commenced business so far and are planning on closing the company and striking it off once it's one year. Do we need to file the INC 20A with fine? Will the directors still have to pay the fine if the company is struck off? If you have not commenced the business at all. You are not required to do any filing. Simply proceed with strike off process. To know more, please write to me at anjalibansalcs@gmail.com 1 0 160 My company has not filed INC 20 A. We have not commenced business so far and are planning on closing the company and striking it off once it's one year. Do we need to file the INC 20A with fine? Will the directors be liable at a later point? If you are planning to close the company, nothing needs to be done. Only make sure Director's KYC is done. To know more, please write to me at anjalibansalcs@gmail.com 1 0 153 How can i float my company in Share Market ? I understand that you want to list the shares of your company with stock exchange. The way for that would be IPO. Do let me know, if you are looking for the services. In case of any further… 1 0 63 Can I file Inc 20 A with a declaration on cash because the company bank account is not open after that I go for Stk-2? If you want to file for strike off of your company, you don't need to file form INC-20 A with the ROC. If your company is 1 year old, you can proceed with strike off of the company. In case… 1 0 388 We initially incorporated company for 10 Lakhs and deposited check of 2 Lakhs as commencement capital and started business. Can we modify the commencement capital from 10 lakhs to 2lakhs. What forms need to be submitted for change of capital then file form 20 a to be complaint? We made 20 lakhs from business so far Yes, the share capital can be reduced from 10 lacs to 2 lacs. However, can you let me know, if 10 lacs was both authorised and subscribed amount and instead of 10 lacs you had deposited only 2 lacs… 1 0 211 Is it possible to start a branch office of a company abroad to expand business operations in India? Yes. It is possible to set up a branch office in India of a Company abroad. One must meet the eligibility criteria for setting up the office and then comply with the procedural requirements laid down… 1 0 37 How much time taken for approval after DIR 12 submitted? e-Form DIR-12 is a Straight Through Process. The form will be approved immediately on filing the form. To know more, please write to me at anjalibansalcs@gmail.com 1 58 1150 How to make correction in Entity Master Form (EMF)? Reserve Bank of India (RBI) has made an announcement in its FIRMS Portal that there have been various instances where the company has provided incorrect entity details to RBI in Entity Master Form (EMF).… 1 0 0 Does my startup requires a Company Secretary? We have just started our business! There is no operation in our company right now! We don’t want to add any extra cost as we have just started our business! The paid-up capital of our company is… 1 0 478 How to register on RBI-FLAIR Portal? Every entity that has received Foreign Direct Investment and/or made Overseas Direct Investment in the previous reporting period(s) or current reporting period is required to file an annual return on… 1 0 328 What should I do after registration of a private limited company? One of the first step to become an entrepreneur is to incorporate a private company or a LLP. But how should one decide on whether to go with a Private Company or a LLP? Click here to read my answer… 1 0 863 Why to choose Private Limited Company over a Limited Liability Partnership? Lot of entrepreneurs, wanting to start their new venture, get in touch with me. One common question all of them have is what should be the structure of their business entity. Although they are ready to… 1 0 63 Who is eligible to make Foreign Direct Investment in India? Which all entities are permitted to receive FDI? Are there any restricted sector for FDI? The intent and objective of the Government of India behind promoting Foreign Direct Investment is to supplement domestic capital, technology and skills, for accelerated economic growth. Foreign Direct… 1 0 644 What is the process of registration under Legal Entity Identifier (LEI)? The Legal Entity Identifier (LEI) system was initiated as a response to the financial crisis and is aimed at improving transparency in financial data systems. However, the Global LEI System (GLEIS), was… 1 0 164 How to register a Private Limited Company in India? Incorporation of a Company is a step closer in making you an entrepreneur. If you have a business plan and wish to materialise the same, you will have to start with incorporating a company. In the current… 1 0 98 What is Legal Entity Identifier and its applicability? In the era of globalized financial world, when you enter into a transaction with any foreign company it becomes very difficult to ascertain the fiscal liabilities and obligations of that party registered… 1 0 163 How to strike off a Private Limited Company? Before starting with the process, one must analyse few basic points. I have listed them as eligibility criteria for closing a company: 1. The company has failed to commence its business within 1 year… 1 0 211 How to strike off a Private Limited Company? Before starting with the process, one must analyse few basic points. I have listed them as eligibility criteria for closing a company: 1. The company has failed to commence its business within 1 year… 1 0 211 Which companies are required to appoint auditor? Every company registered under the companies act. 1 0 100 How to download DIR-3 KYC ? You can download Form DIR-3 KYC from the MCA Portal. 1 0 949 When to file INC-22 Form ? INC-22 is filed when you want to change your company's registered office address. 1 0 284 Who is required to file PAS-3 Form ? Any company that allots new shares in the company should file Form PAS-3 with ROC to intimate ROC for such increase in paid share capital of the company. 1 0 49 How to download INC 20A ? You can visit www.mca.gov.in and go to download forms to download the form. To know more, you may write to me at anjalibansalcs@gmail.com 1 0 3026 Does a One Person Company (OPC Pvt Ltd) in India need to file annual return or any compliance document before its commencement of business (Form INC 20A) ? Filing for commencement of business is required to be flied within 180 days from incorporation. However, there are certain important compliances that it needs to comply immediately after its incorporation.… 1 0 1619 Is it possible for the company name to be stricken off if we have not got current account opened or filed INC 20A? Yes. You can close the company even if you have not opened the account or filed INC 20A. However, you will have to wait for at least 1 year before making an application with RoC for Strike Off. … 1 0 1906 What will happen if we have not filed INC 20A within 180 days after registration of company ? You can file e-Form INC 20 A with additional fees for another 180 days, beyond which following will be the consequences:Company will be liable to pay Rs. 50,000 penalty for not filing the Form INC 20AEvery… 1 0 8162 How much time is there for filing INC 20A? Form INC 20 A needs to be filed within 180 days from the incorporation of the Company. Please note that you cannot commence your business until you have filed the Form with RoC. To know more, you… 1 0 379 What is the process to file form INC 20A for Commencement of Business? Since, INC 20 A requires professional certification, you need approach any Company Secretary in Practice/ Chartered Accountant in Practice/ Cost Accountants in Practice to help you with filing of form… 1 0 141 Can we change the directors of a company before filing an INC 20A in India? Yes, you can. To know more in detail, please write to me at anjalibansalcs@gmail.com 1 0 1201 What are the mandatory things to do on first year of running a private limited company in India ? 1. The Company need to hold a Board Meeting within 30 days of its incorporation. 2. Appoint Statutory Auditor of the Company. 3. Issue Share Certificates to the subscribers of the Memorandum… 1 0 251 Will my company account get freezed if I didnt take INC 20A : Commencement of Business within 1 year of company incorporation? Following are the consequence for non-filing of the form beyond 360 days: Company will be liable to pay Rs. 50,000 penalty for not filing the Form INC 20A Every officer who is in default is liable to… 1 0 2223 Can I complain against a financial advisor company through SEBI's Scores website ? Yes you can approach SEBI SCORES. However, you may first approach the company with your grievance. If not resolved, you may approach SEBI SCORES. If you need any assistance, you may write to me… 1 0 357 I have established my company in February 2020. But I have not applied for Certificate of commencement of business(INC 20A) with in 180 days. Penalty seems to be high. Do I need to pay it or is there some way out ? You will have to pay the penalty amount, there is no other way out. To know more you may write to me at anjalibansalcs@gmail.com 1 0 718 How to strike off a Private Limited Company? Before starting with the process, one must analyse few basic points. I have listed them as eligibility criteria for closing a company: 1. The company has failed to commence its business within 1 year… 2 0 211 What are the advantages of a mainland company setup in Sharjah? If you want flexibility to trade and freedom then you can go for company set up in Sharjah. Mainland companies are allowed to conduct business within local market as well as outside UAE. For more… 1 0 76 A private limited was incorporated in the current financial year and now due to inactivity it needs to be closed.Form INC20A and Adt 1 has already been filed. My query is whether statement of accounts for closure can be signed by a different CA other than the CA i.e auditor already appointed.As the auditor appointed is unavailable to sign. Yes it has to be ideally signed by the already appointed statutory auditor. If at all he is not available then show his resignation as casual vacancy and appoint a new Statutory Auditor and complete the… 1 0 52 We have incorporated 2 months before. We did not commence any business and not filed inc-20a. I want to close the company. What will be the best way to do it? You will have to wait for 1 year to close this company. If you have intention not to operate then simply cease to do any business. After 1 year please reach out to me at anjalibansalcs@gmail.com. I will… 1 0 109 We haven't filed inc -20A. The members haven't paid their subscription amount yet. The Company was incorporated 1.5 years back. The company hasn't done any business till date. Is there a way to revive the company now without the penalties? Since the subscription amount is not yet paid, please ask the subscriber to make the payment first. Have the bank account been opened? Please write to me at anjalibansalcs@gmail.com. 1 0 179 How do we get an offshore company registration in Dubai? Hi, If you are looking to register a company in Dubai, I can help you get the entire incorporation done. If you are looking for assistance, please write to me at anjalibansalcs@gmail.com 1 0 59 No Guides added by Anjali Bansal.
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