Form 20A – Declaration for the Commencement of Business

By Anonymous

Form 20A – Declaration for the Commencement of Business

Form 20A is a declaration that needs to be filed by the directors of the company at the time of the commencement of the business. It should be verified by a Chartered Accountant (CA) or Company Secretary (CS) or a Cost Accountant in practice.

As per the Companies (Amendment) Ordinance 2018, there is a requirement for all the companies registered on or after 2 November 2018 to file a certificate of commencement of business. Form 20A is a declaration filed by the directors within 180 days of the date of incorporation of the company.

Companies which are not required to file Form 20A

  • Companies incorporated before 2 November 2018
  • Companies incorporated after 2nd November 2018 without share capital.
Time period filing form 20A is  Every company required to file Form 20A shall file the same within 180 days of its incorporation.

Fee for filing Form 20Nominal Share Capital       Nominal Share Capital                                Applicable Fees in (Rs.)
Where share capital is less than 1,00,000                                          200
1,00,000 or above but not exceeding 4,99,999                                  300
5,00,000 or above but not exceeding 24,99,999                                400
25,00,000 or above but not exceeding 99,99,999                              500
1,00,00,000 or above                                                                         600

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