Under section 10A, a company with share capital that was incorporated under the Companies Act, 2013 must file a declaration that every subscriber has paid the value of the shares agreed to be taken. This declaration must be filed within:

Correct answer: B) 180 days of the date of incorporation

Explanation

Section 10A(1) provides that such a company shall not commence business or exercise borrowing powers unless a director files a declaration within 180 days of incorporation. The declaration confirms that every subscriber to the memorandum has paid the value of the shares agreed to be taken. The company must also verify its registered office under section 12(2).