INC-20A Declaration Format 2026
PART A — RESOLUTION OF THE BOARD OF DIRECTORS
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF {{company_name}} (CIN: {{cin}}) HELD ON {{board_meeting_date}} AT {{registered_office}}
DECLARATION FOR COMMENCEMENT OF BUSINESS — SECTION 10A
The Board noted that the Company was incorporated on {{incorporation_date}} with a share capital, and that the subscribers to the Memorandum of Association have paid the value of the shares agreed to be taken by them, the subscription money having been credited to the Company's bank account with {{bank_name}}. The bank statement evidencing the receipts was placed before the Board.
"RESOLVED THAT pursuant to Section 10A of the Companies Act, 2013 read with Rule 23A of the Companies (Incorporation) Rules, 2014, the Board do hereby take on record that every subscriber to the Memorandum of Association of the Company has paid the value of the shares agreed to be taken by him / her, and that the verification of the registered office of the Company has been filed with the Registrar as provided in Section 12(2) of the Act.
RESOLVED FURTHER THAT {{director_name}} (DIN: {{din}}), Director of the Company, be and is hereby authorised to make and sign the declaration for commencement of business, to file the same in e-form INC-20A with the Registrar of Companies under his / her digital signature after verification by a Chartered Accountant / Company Secretary / Cost Accountant in practice, and to do all acts, deeds and things necessary in that connection."
Certified that the above is a true copy of the resolution passed at the meeting of the Board of Directors held on {{board_meeting_date}}, duly recorded in the minutes book, and that the same is in force as on date.
For {{company_name}}
_______________________________
Director (other than the declarant, where possible) — Name: ____________ DIN: ____________
PART B — DECLARATION BY THE DIRECTOR
[Pursuant to Section 10A(1)(a) of the Companies Act, 2013 and Rule 23A of the Companies (Incorporation) Rules, 2014]
I, {{director_name}} (DIN: {{din}}), a director of {{company_name}} (CIN: {{cin}}), having its registered office at {{registered_office}}, incorporated on {{incorporation_date}}, being duly authorised by the resolution of the Board of Directors dated {{board_meeting_date}}, do hereby solemnly declare that:
- (a) every subscriber to the Memorandum of Association of the Company has paid the value of the shares agreed to be taken by him / her, as on the date of this declaration, as set out in the table below;
- (b) the Company has filed with the Registrar the verification of its registered office as provided in sub-section (2) of Section 12 of the Companies Act, 2013;
- (c) the Company has not commenced any business or exercised any borrowing powers before the date of filing of this declaration; and
- (d) [where the objects of the Company require registration or approval from a sectoral regulator such as the Reserve Bank of India or the Securities and Exchange Board of India] the registration / approval dated ____________ from ____________ has been obtained and is attached. [Delete if not applicable.]
| Sl. | Name of subscriber | No. of shares subscribed | Amount paid (₹) | Date and mode of payment (bank reference) |
|---|
| 1 | {{subscriber_1_name}} | {{subscriber_1_shares}} | {{subscriber_1_amount}} | {{subscriber_1_payment}} |
| 2 | | | | |
| 3 | | | | |
Total subscribed capital as per the Memorandum: ₹ ____________. Total received: ₹ ____________. [The two figures must agree — the declaration is that EVERY subscriber has paid in full.]
I declare that the above is true and correct and that nothing material has been suppressed.
Signature: _______________________________
{{director_name}} (DIN: {{din}})
Place: __________________
Date: 1 October 2026
PART C — FILING NOTE: E-FORM INC-20A
| Point | Position |
|---|
| Who must file | Every company with a share capital incorporated on or after 2 November 2018 — private, public, OPC and Section 8 companies with share capital alike |
| Who need not | Companies without share capital (e.g. companies limited by guarantee) and companies incorporated before 2 November 2018 |
| Due date | Within 180 days of the date of incorporation — for this Company: ____________ [incorporation date + 180 days] |
| Signed by | A director, under digital signature |
| Verified by | A Chartered Accountant, Company Secretary or Cost Accountant in practice (Rule 23A) |
| Attachment | Subscribers' proof of payment for the value of shares — the Company's bank statement showing the credit from each subscriber; regulator registration / approval where the objects require it. Check the current e-form for any further attachment it asks for |
| Pre-condition | Verification of registered office under Section 12(2) already filed (in the incorporation application or by INC-22) |
| Penalty for default | Company: ₹50,000. Every officer in default: ₹1,000 for each day the default continues, not exceeding ₹1,00,000 [Section 10A(2)] |
| Further consequence | Where no declaration is filed within 180 days and the Registrar has reasonable cause to believe the company is not carrying on any business or operations, he may initiate removal of its name from the register under Chapter XVIII [Section 10A(3)] |
- Sequence that works: open the bank account, have each subscriber remit the subscription money from his or her own account, issue the share certificates, then file INC-20A. A payment routed through a third party or in cash is where verification by the certifying professional usually stalls.
- The form can be filed after 180 days with additional fees, but late filing does not wipe out the default — Registrars regularly adjudicate the Section 10A(2) penalty on late filers, including where the company itself applies.
- Until the declaration is filed the Company cannot commence business or borrow. Contracts signed, invoices raised or loans taken before the filing date are the evidence the Registrar relies on in adjudication.
