Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
The first 30 days
Right after incorporation: open a company current account, have the shareholders deposit the subscribed capital into it, and appoint your first auditor within 30 days. These are time-bound and easy to overlook in the excitement of starting up.
Commencement and registrations
File INC-20A (declaration of commencement of business) after the capital is paid in — you cannot legally start business or borrow until it is filed, and delay carries a penalty. Then obtain PAN, TAN, register for GST if applicable, and set up proper bookkeeping. Confirm the current INC-20A timeline and penalty.
Ongoing compliance — an example
Example: a newly incorporated company opens its bank account, the founders pay in the ₹1 lakh capital, the company appoints an auditor and files INC-20A within the window — then calendars its annual ROC filings, director KYC and a statutory audit from year one. Skipping INC-20A or the auditor appointment creates penalties before the business has even earned anything. Our team can run your post-incorporation setup.