Yes, as per the Companies Act, 2013, if a company does not file Form INC 20A (Commencement of Business) within 180 days from the date of incorporation, the Registrar of Companies (ROC) may initiate action for the removal of the name of the company from the register of companies. This means that the company's bank account may get frozen, and the company may not be able to carry out any business transactions until the compliance is completed and the name of the company is restored on the register of companies.
Share the Procedure for grant of Conference Visa from the Ministry of Home Affairs for the purpose of conference/seminar/workshop and its validity.Click here to view / answer Share it on
NRE Certificate format required for filing on FIRMS (RBI)
Issue of shares under Employees Stock Options Scheme and/or sweat equity shares to person resident outside India
Can I receive payment from my clients in my bank account before applying for the commencement of the business certificate (Form INC 20A) ?Click here to view / answer Share it on
What is the remedial action in case of a company whose name is removed from the register of CompaniesClick here to view / answer Share it on
Can a Handicraft Manufacturer create a Producer company. If Yes, then No Agriculture certificate is require to attach as the producers are not farmers.
However while incorporation It mandates to upload RTC or Agriculturist Certificate issued by revenue officer.
Kindly Clarify instead of Agriculturist Certificate, can we attach the Handicraft Board issued certificate.
Please clarify will be waiting for the reply.
Can we pay salary to Non Executive Director?
We are Incorporating a Private Limited Company. A person has attained the age of 18 years on 2nd October 2020 (meaning he has completed 17 years on 2nd October 2020). Can we appoint him as the proposed Director cum shareholder of the proposed company?? Kindly advise.
Compliance Calendar LLP is Recognised as Startup by DIPP Under Ministry of Commerce & Industry, Government of India
Rule 23A: Declaration at the time of commencement of business.-
The declaration under section 10A by a director shall be in Form No, lNC-20A and shall be filed as provided in the Companies (Registration Offices and Fees) Rules, 2014 and the contents of the said form shall be verified by a company Secretary or a chartered Accountant or a cost Accountant. in practice: Provided that in the case of a company pursuing objects requiring registration or approval from any sectoral regulators such as the Reserve Bank of India, Securities and Exchange Board of India, etc., the registration or approval, as the case may be from such regulator shall also be obtained and attached with the declaration.
Declaration prior to the commencement of business or exercising borrowing powers
Where no declaration has been filed with the Registrar under clause (a) of sub-section (1) within a period of one hundred and eighty days of the date of incorporation of the company and the Registrar has reasonable cause to believe that the company is not carrying on any business or operations, he may, without prejudice to the provisions of sub-section (2), initiate action for the removal of the name of the company from the register of companies under Chapter XVIII.]