Board resolution for commencement of business (INC-20A)
A board resolution for commencement of business approves the declaration under section 10A of the Companies Act 2013 that every subscriber has paid the value of their shares, and authorises a director to file form INC-20A within 180 days of incorporation. A company cannot commence business or borrow before this declaration is filed.
Last updated: 27 August 2026
Doing this for a client?
OnCompliance drafts this resolution on the company’s letterhead, details filled from the client’s record, records it in the minutes, and files it in the client’s folder — with the notice, minutes and 21 other board documents made the same way.
Fill it in, edit it, download it
The details you type fill the document as you go. Click into the paper to edit any wording, then download it in Word or as a PDF.
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY NAME] (CIN: [CIN]) HELD ON [MEETING DATE] AT [VENUE]
RESOLVED THAT the declaration under section 10A of the Companies Act 2013, to the effect that every subscriber to the memorandum has paid the value of the shares agreed to be taken by them as on the date of the declaration, be and is hereby approved, and that [NAME], [DESIGNATION], be and is hereby authorised to sign and file form INC-20A with the Registrar of Companies.
Certified true copy
For [COMPANY NAME]
[NAME]
[DESIGNATION] · DIN: [DIN]
Date: ______________ · Place: ______________
When is this resolution passed?
Pass it once all subscription monies are received, and file INC-20A within 180 days of incorporation.
Legal basis: s.10A, Companies Act 2013
Common questions
What is the deadline for INC-20A?
Within 180 days of incorporation, for companies with share capital incorporated on or after the section 10A commencement.
What happens if INC-20A is not filed?
The company cannot commence business or exercise borrowing powers, penalties apply, and the ROC may move to strike the company off.
What backs the declaration?
Proof that subscription monies hit the company’s bank account, typically the bank statement attached to the form.
Can OnCompliance draft this for me?
Yes. OnCompliance drafts the resolution on the company’s letterhead with the details filled from the client’s record, records it in the minutes, and files it in the client’s folder, alongside the notice of the meeting and every other board document.