Startup & Business
INC-20A (Commencement of Business) — Meaning
A declaration every company with share capital files within 180 days of incorporation.
What is INC-20A (Commencement of Business)?
Form INC-20A is the declaration of commencement of business that a company incorporated with share capital must file within 180 days of incorporation, confirming that subscribers have paid for their shares, with the bank statement as proof. Until it is filed, the company can't commence business or borrow. Not filing it attracts penalties and can lead the Registrar to strike the company off.
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Related terms
More Startup & Business terms
MCA (Ministry of Corporate Affairs)
India's government ministry administering the Companies Act and registering companies through the MCA portal.
ROC (Registrar of Companies)
Government authority under MCA that registers companies and LLPs and maintains statutory records.
DIN (Director Identification Number)
Unique 8-digit number assigned to every director of a company in India.
DSC (Digital Signature Certificate)
Electronic signature issued by certifying authorities — required for filing company/LLP documents with MCA.
Private Limited Company
A separate legal entity incorporated under the Companies Act 2013 — most common startup structure.
