1. Introduction:
Form INC-20A is a declaration that every company incorporated in India after 2nd November 2018 must file before commencing business or exercising borrowing powers.
As per Section 10A of the Companies Act, 2013, this form is mandatory to confirm receipt of share capital from subscribers and ensure compliance.
📢 Update (2025): MCA has increased scrutiny on new companies that fail to file INC-20A on time. Delay can now trigger auto disqualification notices and penalties.
🗂️ 2. Types of Filing Scenarios
INC-20A applies only in these cases:
| Type of Entity | Required to File? |
| Private Limited Company | ✅ Yes |
| One Person Company (OPC) | ✅ Yes |
| Public Company | ✅ Yes |
| LLP | ❌ No |
| Section 8 Company | ✅ Yes |
📌 Note: This is a one-time filing only after company incorporation and before starting operations.
👤 3. Who Needs to File INC-20A?
You must file Form INC-20A if:
- Your company was incorporated after 2nd November 2018
- You have issued shares and received subscription money
- You intend to start any business or apply for a loan
Even if the business hasn’t begun revenue activity, filing is required to keep your Company Identification Number (CIN) active.
🤝 4. Why Choose a Professional Service?
While INC-20A is a single form, errors or delays can:
- Result in heavy penalties
- Lead to bank account rejections
- Block your GST registration
- Stop your company from functioning legally
💼 Professionals ensure accurate filing with MCA, prevent compliance gaps, and help with supporting documentation.
📝 5. Step-by-Step Filing Process
Step 1: Open Company Bank Account
Receive the subscription amount from shareholders.
Step 2: Obtain Proof of Capital Receipt
This is mandatory for uploading with the form.
Step 3: Login to MCA Portal 🏛️
File the form at the official government website:
🔗 https://www.mca.gov.in
Step 4: Attach Required Documents
Upload proof of receipt (bank statement/certificate).
Step 5: Digital Signature
The form must be digitally signed by a Director and certified by a CA/CS/CMA.
Step 6: Submit and Acknowledge
Receive the SRN (Service Request Number) for your records.
⏳ Deadline: Within 180 days from incorporation date
📄 6. Required Documents
- Bank Statement showing capital deposit
- Certificate of Incorporation
- PAN of Company
- Digital Signature (DSC) of Director
- CA/CS/CMA Certificate (optional but advisable)
📎 File only after bank credit of share subscription amount.
💸 7. Cost Involved
| Item | Estimated Cost (INR) |
| Government Filing Fees | ₹0 – ₹600 (based on capital) |
| Professional Filing Service | ₹999 – ₹2,000 |
| Delay Penalty (if applicable) | ₹50,000 for Company + ₹1,000/day for Director |
🧾 Better to file timely than risk penalty!
🕒 8. Time Taken
- Bank Account Opening: 3–5 working days
- Filing INC-20A: Same day if documents ready
- Acknowledgement: Instantly on MCA Portal
🛑 Delay beyond 180 days can lead to company being struck off.
⚠️ 9. Common Mistakes to Avoid
- Not opening bank account early
- Filing without proof of capital receipt
- Missing the 180-day deadline
- Using incorrect DSC
- Not involving a CA/CS for certification
🚨 These can halt all further ROC or GST-related actions.
📞 10. Call-to-Action (CTA)
Need help filing Form INC-20A quickly and correctly?
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🔐 Let our experts help your business start the right way.
❓ 11. FAQs
Q1. Is Form INC-20A applicable to LLPs?
❌ No. It is only for companies registered under Companies Act.
Q2. Can I file INC-20A without a bank account?
❌ No. You must show capital has been received in a bank account.
Q3. What happens if I miss the 180-day window?
You may face heavy penalties and strike-off action from MCA.
Q4. Can Form INC-20A be revised?
No. File correctly the first time. There is no revision option.
Q5. Who can digitally certify the form?
A practicing CA, CS, or CMA must verify and digitally sign.
