INC-20AROC Filing
Declaration of Commencement
(INC-20A)
Definition
A mandatory declaration filed within 180 days of incorporation confirming that shareholders have paid for their shares and the company has actually started business. Without it, the company cannot legally operate.
Why founders care
Company fined ₹50,000 and directors ₹1,000/day until filed. The company cannot open a bank account, take orders, or issue invoices without this being filed.
Related terms
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