Commencement of Business (CoB) is a crucial requirement for all newly registered companies in India. As per the Companies Act 2013, every company must file Form Inc 20A for CoB within 180 days from the date of Certificate of Incorporation (CoI) issued by the Registrar of Companies (ROC). Failure to do so may result in heavy penalties.
At Prakasha & Co, we provide comprehensive services for filing CoB. Our team of experienced Company Secretaries can guide you through the process and ensure that all necessary requirements are met.
Step 1: Obtain Digital Signature Certificate (DSC) To file Form Inc 20A, the authorized person of the company must have a valid Digital Signature Certificate (DSC). If you don’t have a DSC, you can obtain it from a government-approved agency.
Step 2: The DSC of authorized person must register with MCA V3 by using his email id and other details like Pan, DIN number, the authorized person of the company must register his DSC to use to sign the e forms.
Step 3: Obtain bank statement The company must have a bank statement showing the capital invested in the company. This statement must be certified by the bank.
Step 4: Verify office location You need to provide the office address of the company and the longitude and latitude of the office location. You also need to provide an office photo and an authorized person photo taken inside the office.
Step 5: Prepare and file Form Inc 20A Once you have obtained the necessary documents, you can prepare and file Form Inc 20A Inc 20A with the Registrar of Companies (ROC). You can file the form online through the MCA portal.
Step 6: Pay the filing fee The filing fee for Form Inc 20A Inc 20A varies depending on the authorized share capital of the company. You can check the fee structure on the MCA portal. You can pay the fee online using a credit card or net banking.
Step 7: Receive the Certificate of Commencement of Business After the form is processed and approved by the ROC, you will receive the Certificate of Commencement of Business (CoCB). This certificate signifies that the company is authorized to commence business operations.
Important things in COB
To file CoB, the company must have a bank statement showing the capital invested in the company. Our team can assist you in obtaining the necessary documents and verifying their accuracy.
The authorized person for the company must also have a valid Digital Signature Certificate (DSC). In addition, we require an office photo and an authorized person photo taken inside the office, along with the longitude and latitude of the office location.
At Prakasha & Co, we understand the importance of timely CoB filing. Our experts can help you navigate the process and ensure that all requirements are met. We also assist with any late filings, including the payment of any applicable late fees.
We also assist with any late filings, including the payment of any applicable late fees. Late filing fees for CoB is INR 1000 per day and can go up to INR 10 lakhs. Therefore, it is important to file CoB within the stipulated time period.
We understand that navigating the legal requirements of setting up a new company can be overwhelming, especially for first-time entrepreneurs. Our team of experienced Company Secretaries can guide you through the CoB filing process and ensure that all necessary requirements are met.
We believe that timely CoB filing is essential for the smooth functioning of your new company. Failure to file CoB within the stipulated time period can result in heavy penalties and legal consequences, which can be detrimental to your company’s growth and success.
Our comprehensive CoB filing services include obtaining the necessary documents, verifying their accuracy, and assisting with any late filings or payment of late fees. Our team can also help you with other essential services, such as GST registration, Annual Compliance, Accounting, and Auditing Services.
At Prakasha & Co, we are committed to providing reliable and efficient services to our clients. We believe that our expertise and experience can help your new company thrive and grow. Contact us today to learn more about our services and how we can help you with your CoB filing requirements.
Don’t let CoB filing become a burden for your new company. Contact Prakasha & Co today for reliable and efficient CoB filing services. We offer a range of services that include CoB filing, GST registration, Annual Compliance, Accounting, and Auditing Services.
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