At Tax Biz Guru, we provide professional assistance for filing INC-20A, also known as the Declaration for Commencement of Business, which is a mandatory compliance requirement for newly incorporated companies under the Companies Act. A company incorporated with share capital cannot commence business operations or borrow funds unless INC-20A is properly filed with the Ministry of Corporate Affairs (MCA) within the prescribed timeline.

 

The purpose of INC-20A filing is to confirm that the subscribers to the company’s memorandum have paid the agreed share capital amount into the company’s bank account. Failure to file this declaration within the stipulated period can result in heavy penalties on the company and its directors, and may even lead to company strike-off proceedings by authorities.

 

At Tax Biz Guru, we assist clients in preparing and filing INC-20A accurately and within deadlines to ensure smooth commencement of business activities. Our services include verification of incorporation documents, preparation of declarations, coordination of bank proof documentation, and online filing with MCA authorities.

 

We carefully review all statutory requirements and supporting records to avoid rejection or compliance issues during filing. Our experts also guide newly incorporated companies regarding post-incorporation compliances, accounting setup, statutory registrations, and operational requirements.

 

Timely filing of INC-20A is extremely important because it legally authorizes the company to begin operations, enter into contracts, raise investments, and conduct business transactions. Therefore, businesses must ensure proper compliance immediately after incorporation.

 

At Tax Biz Guru, we simplify complex corporate compliance procedures and provide complete professional support to startups, private limited companies, and newly incorporated entities. Our focus is on timely execution, compliance accuracy, and transparent communication to help businesses start operations without legal complications.

 

With our expert assistance, companies can confidently complete their commencement compliance requirements and focus on building a strong operational foundation for future growth.