Q.  What is "Director Identification Number" ?

A.  Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.

Q.  What is "Authorize Capital Fee" ?

A.  Authorized capital of a Company is the amount of shares a company can issue to it shareholders. Companies have to pay the Government an authorized capital fee to issue shares in a Company. Companies have to pay authorized capital fee for a minimum of Rs.1 lakh.

Q.  How many people are required to incorporate a private limited company ?

A.  To incorporate a private limited company, a minimum of two people are required. A private limited company must have a minimum of two Directors and can have upto a maximum of fifteen Directors. A minimum of two shareholders and a maximum of upto 200 shareholders are allowed in a private limited company.

Q.  What are the documents required to incorporate a Limited Company ?

A.  Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

Q.  What are the statutory compliances required for a limited company ?

A.  A limited company must hold a Board Meeting atleast once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, atleast once every year.

Q.  What is service tax registration ?

A.  Service tax registration is a mandatory registration for service providers who have taxable service of value exceeding Rs.9 lakhs, in the previous financial year. Service tax registration facilitates in the identification of assesse, payment of service tax and filing of service tax returns.

Q.  What are the documents required for service tax registration ?

A.  To obtain service tax registration, a copy of PAN Card, proof of address of business and constitution of the business [Partnership deed, Incorporation Certificate, etc.,] is required.

Q.  What are the documents required for obtaining VAT registration ?

A.  To obtain VAT Registration, a copy of PAN Card, proof of address of business, constitution of the business [Partnership deed, Incorporation Certificate, etc.,] and proof of identity of the promoters is required. In addition, security deposit or surety or reference maybe required to obtain VAT Registration based on the State in which the business operates. Please contact a IndiaFilings Representative to know the requirements for your State.

Q.  What is the process for changing the registered office of a company ?

A.  The procedure for changing the Registered Office of a Company will depend on the nature of change of address. Change in Registered Office is classified mainly into three types: i) Change of Registered Office within the same village/town/city ii) Change of Registered Office within the same Registrar of Company (ROC) jurisdiction and iii) Change of Registered Office of the Company from one ROC to another ROC jurisdiction. The complexity of the procedure increases as the nature of Registered Office change becomes more pronounced.

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