Obtain COB Certificate — Commencement of Business

Certificate of Commencement of Business

Is your company incorporated and having share capital? One crucial compliance that must be completed before starting business operations is the declaration of the Commencement of Business. Obtaining the Certificate of Commencement of Business (COB) is mandatory for companies incorporated with share capital after November 2, 2018. We assist with filing Form INC-20A and ongoing compliance to make the process simple and reliable.

What is Commencement of Business?

The Commencement of Business is a formal declaration made by the directors of a company within 180 days of its incorporation confirming that subscribers have paid the agreed value of shares and verifying the registered office address. The declaration must be filed using Form INC-20A and verified by a CA/CS/CWA.

Who needs to file?

Companies incorporated after November 2, 2018 and companies with share capital must file Form INC-20A within 180 days of incorporation. Companies without share capital and those incorporated before the specified date are exempt.

Significance of COB Certificate

• Operational Readiness Confirmation
• Legitimacy assurance for stakeholders and regulators
• Enables access to borrowing and business operations

Due Date & Consequences of Non-Compliance

File within 180 days of incorporation. Failure to file prevents commencing business, attracts penalties (company: ₹50,000; directors: ₹1,000 per day up to ₹1,00,000) and may lead to strike-off by the Registrar.

Documents Required for Form INC-20A

• Proof of payment for share subscription (bank statement)
• Registered office address verification
• RBI registration certificate (if applicable)
• Directors' declaration and board resolution

Procedure to obtain COB (Form INC-20A)

1. Access the MCA portal and download Form INC-20A.
2. Fill company details and attach required documents.
3. Affix DSC of an authorised director and get professional certification by CA/CS/CWA.
4. Submit form, pay fees and note the SRN. Wait for verification and acknowledgement.

Why choose us?

• Expert guidance on MCA regulations
• End-to-end support: document prep, certification and filing
• Timely compliance to avoid penalties
• Transparent process and updates throughout