Is it mandatory to file Form 20A vakilsearch.com

According to the Companies (Amendment) Ordinance 2018, Section 10A, another part embedded after Section 10 of the Companies Act 2013, an organization which has been fused on or after 02/11/18 and which has share capital, can not begin business or exercise its acquiring powers except if its chiefs record a statement inside 180 days from the date of fuse of the organization in structure 20a with the ROC. The assertion says that each endorser of the MOA has paid the estimation of the offers consented to be taken by him on the date of making of such a statement.'