INC-20A for section 8 company
Shubham Deshpande (49 Points)
13 January 2021
Whether Section 8 company-company limited by guarantee (not having share capital) is required to file INC-20A ?
4 Replies
Bhaskar Bhat
(CS Professional)
(81 Points)
Replied 13 January 2021
not required if limited by guarantee not having share capital
Shubham Deshpande
(49 Points)
Replied 13 January 2021
Thank you so much.
Can you tell me the source of this information?
because in help file I there is a fees column for companies not having a share capital
Can you tell me the source of this information?
because in help file I there is a fees column for companies not having a share capital
Bhaskar Bhat
(CS Professional)
(81 Points)
Replied 13 January 2021
as per 10A.
Commencement of business (1) A company incorporated after the commencement of the Companies (Amendment) Ordinance, 2[2019] and having a share capital shall not commence any business or exercise any borrowing powers unless—
in the section they have mentioned "having share capital".
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