FAQs

A Startup is a newly formed business focused on innovation, product development, and scalable growth. In India, startups recognized by DPIIT are eligible for tax exemptions, funding support, and simplified compliance.

DIN is a unique 8-digit number issued by the Ministry of Corporate Affairs (MCA) to identify directors of companies. It’s mandatory for anyone intending to be appointed as a company director.

DSC is an electronic form of signature that allows directors and professionals to sign MCA and income tax documents online securely.

• MOA (Memorandum of Association) – Describes the company’s purpose and scope of operations.
• AOA (Articles of Association) – Defines the company’s internal management rules and policies.

You can obtain a DIN through the SPICe+ (INC-32) form during company registration, or through Form DIR-3 if you’re joining an existing company.

IEC (Import Export Code) is a 10-digit code issued by the DGFT. It is mandatory for any business involved in importing or exporting goods or services.

Paid-Up Capital is the actual amount received by the company from shareholders in exchange for issued shares. It represents the real ownership investment.

Authorised Capital is the maximum share capital a company can issue to shareholders as stated in its MOA. It can be increased through a special resolution.

An ESOP allows employees to own shares or options in the company, motivating them to contribute to its growth and success.

SOPs are detailed written instructions that guide employees in performing regular tasks to ensure operational consistency and compliance.

SOPs help maintain quality, reduce human error, ensure compliance, and create a uniform process across the organization.

Limited Liability protects shareholders and partners from being personally responsible for the company’s debts or liabilities beyond their investment.

An LLP is a hybrid structure offering the benefits of both a partnership and a private limited company. It ensures limited liability for partners with flexible management.

LEI (Legal Entity Identifier) is a global 20-character code used to identify legal entities participating in financial transactions, ensuring transparency and compliance.

The Registered Office is the official address of the company for receiving legal documents and government communications.

Yes. A company can change its registered office within the same city, state, or even to another state by following the MCA procedure and filing the necessary forms.

Name approval under RUN (Reserve Unique Name) or SPICe+ generally takes 2–3 working days, depending on availability and compliance with naming rules.

Yes. A company can change its name after passing a special resolution and obtaining approval from the Registrar of Companies (ROC).

Yes. This requires approval from the Regional Director (RD), alteration of the MOA, and publication of a notice in newspapers. The process takes around 3–6 weeks.

CIN (Corporate Identity Number) is a unique 21-digit identification number issued by the Registrar of Companies (ROC) to every registered company in India.

A Shareholder is a person or entity that owns shares in a company and has rights to vote and receive dividends.

A Director is a person appointed by the shareholders to oversee company operations and ensure compliance with legal obligations.

A Private Limited Company offers easier fundraising, investor trust, scalability, and transfer of ownership, whereas an LLP is more suited for small or family-run firms.

DIN KYC (Director KYC) is an annual verification process where directors confirm their personal details with MCA using Form DIR-3 KYC to keep their DIN active.

Yes. PF (Provident Fund) and ESIC (Employees State Insurance) registrations are mandatory for companies employing 20 or more people to ensure employee welfare benefits.

Any Indian citizen and resident (living in India for at least 120 days during the financial year) can register an OPC as both the sole shareholder and director.

To register a Private Limited Company, you need:

• Minimum 2 directors and 2 shareholders
• One director must be an Indian resident
• A registered office address in India
• Digital Signature (DSC) and Director Identification Number (DIN) for all directors

Yes. Foreign nationals and NRIs can register a company in India, provided at least one director is a resident Indian.
Foreign investment is allowed under the Automatic Route in most sectors.

GST (Goods & Services Tax) registration is mandatory if your annual turnover exceeds ₹40 lakhs (₹20 lakhs for services). It’s also required for inter-state supply or online sales.

Every Private Limited Company must file:

• AOC-4 (Financial Statements)
• MGT-7 (Annual Return)
• Income Tax Return
• Board Meetings & AGM minutes
• Auditor appointment (Form ADT-1)

• Legal recognition and brand credibility
• Limited liability protection
• Easier funding and investor confidence
• Perpetual existence
• Tax benefits and government incentives

Yes. You can use your residential address as the registered office address, provided you can receive official correspondence there.

The Certificate of Incorporation is an official document issued by the MCA that certifies the formation and legal existence of a company in India.

The MCA regulates corporate affairs in India, including company registration, compliance filings, director management, and maintaining the corporate registry.

Udyam Registration is a government registration for MSMEs (Micro, Small, and Medium Enterprises) under the Ministry of MSME. It provides access to loans, subsidies, and tax benefits.

• Choosing a name similar to an existing brand
• Submitting incorrect documents or address proof
• Missing director KYC or compliance deadlines
• Not opening a current account promptly after incorporation

No. The MCA does not allow registration of two companies with identical or deceptively similar names. It must be unique and comply with the Companies (Incorporation) Rules.

An Auditor ensures the company’s financial statements are accurate and comply with accounting and legal standards. Every company must appoint a statutory auditor within 30 days of incorporation.

Typically, company registration takes 5 to 10 working days, depending on documentation, name approval, and MCA processing time.

For Directors/Shareholders:

• PAN Card
• Aadhaar Card / Passport
• Address Proof (Utility Bill, Bank Statement)
• Passport-sized photo

For Registered Office:

• Electricity Bill or Rent Agreement
• NOC from property owner (if rented)

Trademark Registration protects your brand name, logo, or slogan legally, preventing others from using similar branding. It enhances brand value and legal ownership.

After incorporation, you must:

• Open a Current Account
• Apply for PAN & TAN
• Register under GST, PF, ESIC if applicable
• Conduct your first board meeting within 30 days

Maintain books of accounts and compliance records

Yes. The entire registration process is online through the MCA portal. Digital signatures (DSC) are used for document signing.

1. Private Limited Company
2. Public Limited Company
3. One Person Company (OPC)
4. Limited Liability Partnership (LLP)
5. Section 8 Company (NGO)

Producer Company

A Section 8 Company is a non-profit organization formed for charitable, educational, religious, or social purposes. Profits, if any, are reinvested into the company’s objectives.

• PAN (Permanent Account Number) – required for tax purposes.
• TAN (Tax Deduction and Collection Account Number) – required for deducting or collecting TDS on payments.

MSME Registration (now Udyam) gives small and medium businesses access to government schemes, credit facilities, and easier loan approvals.

Yes. A person can be a director in multiple companies, subject to a maximum of 20 companies (including 10 public companies) as per the Companies Act.

Recognized startups under Startup India can enjoy:

• 3 years of tax exemption
• 80-IAC tax holiday
• Reduced compliance norms
• Access to government funding programs