Commencement of Business Filing | N D Savla & Associates
Commencement of Business · Nashik, Maharashtra

Commencement of Business — Capitalised. Declared. Cleared.

Filing of the declaration for commencement of business by a newly incorporated company, including confirmation of subscription money and the registered office, within the prescribed timeline.

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A company having share capital cannot commence business or exercise borrowing powers until it files a declaration confirming that subscribers have paid up their subscription money and that the registered office has been verified.

At N D Savla & Associates, we confirm receipt of subscription money into the company's bank account, verify the registered office documentation, and file the declaration for commencement of business within the prescribed timeline.

Missing this filing has consequences beyond a penalty — it can affect the company's ability to borrow and, if left unfiled long enough, its status with the Registrar — so we track the deadline closely for newly incorporated clients.

Our Commencement of Business Services

Subscription Money Confirmation

Confirming receipt of subscription money from all subscribers to the memorandum.

Bank Statement Verification

Verifying bank statements evidencing receipt of the subscription amount.

Registered Office Verification Check

Confirming that the registered office has been verified, or verifying it if not already done.

Declaration Drafting

Drafting the declaration for commencement of business.

Form Filing with Registrar of Companies

Filing the declaration within the prescribed timeline from incorporation.

Query Response on Filing

Responding to any query or resubmission requirement on the filing.

Deadline Tracking for New Companies

Tracking the statutory deadline for newly incorporated clients.

Post-Filing Compliance Advisory

Guidance on obligations that follow once business can commence.

Our Filing Process

1

Confirming Subscription Money Receipt

Bank statements are reviewed to confirm subscribers have paid up their subscription amount.

2

Verifying Registered Office

The registered office verification status is checked and completed if pending.

3

Drafting the Declaration

The declaration for commencement of business is drafted with supporting documents.

4

Filing with RoC

The declaration is filed with the Registrar of Companies within the prescribed timeline.

5

Confirmation & Advisory

Filing confirmation is obtained and next compliance steps are advised.

Why It Matters

✓Company able to commence business and exercise borrowing powers
✓Reduced risk of penalty for missing the prescribed timeline
✓Subscription money and bank records verified before filing
✓Registered office confirmed as part of the same process
✓Filing prepared to reduce the risk of RoC queries
✓Reduced risk of the company being marked non-compliant
✓Clear record of compliance for a newly incorporated company
✓Advisory on the compliance calendar that follows

Frequently Asked Questions

Companies incorporated with share capital on or after the applicable notified date are required to file a declaration for commencement of business.
The declaration is generally required to be filed within a prescribed number of days from the date of incorporation.
The company cannot commence business or borrow, and continued non-filing beyond the prescribed period can lead to penalties or removal of the company's name from the register.
A bank statement evidencing receipt of the subscription amount from each subscriber to the memorandum is required.
Yes, the registered office is required to be verified, generally through Form INC-22 if not already done, before or along with this declaration.
No, a company having share capital cannot exercise its borrowing powers until it has filed the declaration for commencement of business.

Related Services

SPICe+ Part A — Reserve Name → INC-22 Registered Office → Annual Filings → Authorised Capital Increase → ROC Compliance Audit → Corporate Governance Advisory → MR-1 — MD/WTD/Manager → SOP Implementation →

Recently incorporated and need to commence business?

Send us your bank statements showing subscription receipt — we'll prepare and file the declaration on time.

Book Free Consultation or send us a message