FORM INC- 20A
MCA (Ministry of Corporate Affairs) vide its notification dated 18/12/2018 which was Companies (Incorporation) fourth amendment Rules, 2018. Now, it has come into force wherein after rule 23, under which“Rule 23A has been inserted” stating that the declaration to obtain a certificate of commencement of business is required to be filed inForm – INC- 20A.
Those companies who have been incorporated after the commencement of the companies (Amendment) Ordinance, 2018, i.e 02-11-2018 and having share capital shall not commence any business or exercise any borrowing powers unless-
- A declaration filed by a director within a period of 180 days of the date of incorporation of the company in FORM INC- 20A and verified in such a manner as may be prescribed, with the registrar that all subscribers to the memorandum have paid the value of the shares agreed to be taken by him on the date of making of such declaration, and
- The company has filed with the registrar verification of its registered office as provided in sub-section (2) of section 12 in FORM INC-22.