Company Compliance · Panaji, Goa
Timely filing of the commencement of business declaration (Form INC-20A) in Goa — the mandatory step a company with share capital must complete within 180 days of incorporation, after subscribers pay in their capital, before it can start business or borrow.
Overview
A newly incorporated company with share capital cannot legally start business or exercise borrowing powers until it files the declaration of commencement of business in Form INC-20A. This confirms that the subscribers have paid the value of the shares they agreed to take, and it must be filed within 180 days of incorporation.
Missing it carries penalties on the company and its officers and can even expose the company to being struck off. It is an easy step to overlook in the rush of starting up, so we ensure the subscription money is in and the INC-20A is filed in time — a natural follow-on from incorporation and your wider compliance.
What's covered
The mandatory first post-incorporation filing.
Get a fixed-fee quote →Confirming the company must file INC-20A.
Confirming subscribers have paid in their capital.
Compiling proof of the subscription money received.
Filing the declaration within the 180-day window.
Enabling the company to start business and borrow.
Filing in time to avoid penalties and strike-off risk.
Our process
We confirm INC-20A applies to your company.
We confirm the subscription money is paid in.
We file the declaration within 180 days.
Your company can start business and borrow.
Frequently asked questions
It is a declaration in Form INC-20A that a company with share capital must file to confirm that its subscribers have paid the value of the shares they agreed to take. Until it is filed, the company cannot legally start business or exercise its borrowing powers.
Companies with share capital incorporated on or after a specified date in 2018 must file INC-20A. Companies incorporated without share capital are not required to file it. We confirm whether your company needs to file.
The declaration must be filed within 180 days of the date of incorporation, after the subscribers have deposited the subscription money into the company's bank account. We ensure the capital is in and the form is filed within this window.
Failure to file attracts penalties on the company and its officers, and the Registrar may initiate action to strike off a company that has not filed and appears not to be carrying on business. Filing on time avoids these consequences.
No. A company that has not filed the commencement declaration cannot legally start its business activities or borrow money. Filing INC-20A is therefore one of the first essential steps after incorporation, which we handle promptly.
The filing requires evidence that the subscribers have paid in their share capital, typically a bank statement showing the subscription money credited to the company's account. We compile and attach the required proof.
Book a free consultation after incorporation. We confirm the capital is paid in and file INC-20A within the deadline, on a transparent fee.
Related services
Book a free consultation with a qualified Chartered Accountant in Goa. We'll file your commencement of business declaration — no obligation.