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Bank account is blocked and inc 20a to be filed

29 April 2022

due to ignorance, inc 20a of a company was not filed
now bank account is blocked and in bank total share capital has not been deposited
then what to do to file inc 20a
as bsnkers says bank account will be unblocked with inc 20a
and cant file INC20A without bank statement without complete share capital
kindly help

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5 Replies

CA Aakarsh Jain (CA) (10431 Points)
Replied 29 April 2022

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Chirag (Professional) (1979 Points)
Replied 10 May 2022

May I know whether bank account can be blocked for non filing of INC 20A ? Its a MCA Compliance not a RBI stipulation as per my understanding...

Company can open other current account and subscriber fund the committed shares capital in it ,that's a way you can file Inc 20 A ,late filing fees beyond 180 days to be paid ..

Aarti Gupta (121 Points)
Replied 10 May 2022

Due to non filing of inc 20a account got blocked
but opening up another account need total share capital to be deposited
but 1/4 th of share capital is already deposited in the opened account

PRAGYA JAIN (PRACTICING COMPANY SECRETARY) (127 Points)
Replied 24 August 2022

you should get a new account opened, deposit the remaining amount and attach both accounts statement with a clarification stating the facts.still get a second opinion about the same.

thanks

cspragyaj @ gmail.com