Question 1

What is the minimum number of people needed to register a Private Limited Company?

Accepted Answer

A Private Limited Company requires a minimum of 2 directors and 2 shareholders. The same individuals can serve as both directors and shareholders.

Question 2

Can an NRI or foreign national be a director in an Indian Pvt Ltd Company?

Accepted Answer

Yes. NRIs and foreign nationals can be directors, provided they obtain a valid DIN and DSC. However, at least one director must be a resident in India - meaning they have stayed in India for 120 or more days in the previous financial year.

Question 3

Is a physical office address required for incorporate?

Accepted Answer

Yes. A physical address in India is mandatory as the company's registered office. This can be a residential or commercial address. You need to provide a utility bill and an NOC from the property owner. Virtual office addresses are accepted in most cases, provided you have the NOC.

Question 4

Do directors need a Digital Signature Certificate (DSC) to incorporate a company?

Accepted Answer

Yes. All directors signing the incorporation documents must have a valid DSC. CorpE arranges DSC issuance for all directors as part of the incorporate process.

Question 5

How long does it take to get a DIN for directors?

Accepted Answer

DIN is allotted automatically as part of the SPICe+ Part B filing. Once MCA approves the incorporation application, DINs are issued along with the Certificate of Incorporation.

Question 6

What is the SPICe+ form and why does it matter?

Accepted Answer

SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) is the integrated MCA form that handles name reservation, DIN allotment, company incorporation, and PAN/TAN registration in a single application. CorpE prepares and files SPICe+ Part A and Part B on your behalf.

Question 7

Can I register my company from any state in India?

Accepted Answer

Yes. Company incorporation is governed centrally by MCA, not by individual states. You can complete incorporate from any city, any state, or even from abroad - entirely online. Your registered office address determines the jurisdiction for stamp duty.

Question 8

What are the government charges for registering a Private Limited Company?

Accepted Answer

MCA government fees are based on your company's authorized share capital and state of registration. Stamp duty also varies by state. CorpE provides a full, itemized breakdown of all applicable charges before you make any payment.

Question 9

What happens if MCA rejects my company name?

Accepted Answer

MCA may reject a name if it conflicts with an existing registered company, trademark, or violates naming guidelines. CorpE's team reviews your proposed names for compliance before submission. In case of rejection, we suggest compliant alternatives and resubmit - at no extra charge.

Question 10

What is the difference between authorized share capital and paid-up capital?

Accepted Answer

Authorized share capital is the maximum amount of capital your company is allowed to raise through share issuance, as stated in the MOA. Paid-up capital is the actual amount of capital that has been received from shareholders. There is no minimum paid-up capital required under the Companies Act, 2013.

Question 11

What post-incorporation compliances are mandatory?

Accepted Answer

After incorporation, every Pvt Ltd company must file INC-20A (Commencement of Business Certificate) within 180 days of incorporation, hold a minimum of 4 board meetings per year, maintain statutory registers and minutes, file annual returns (MGT-7) and financial statements (AOC-4) with ROC, and get accounts audited by a registered Chartered Accountant. CorpE's Advance plan includes all mandatory post-incorporation filings.

Question 12

Can I convert my LLP or sole proprietorship into a Private Limited Company later?

Accepted Answer

Yes. Both LLPs and sole proprietorships can be converted into a Private Limited Company through MCA's defined conversion process. CorpE can assist with this when you're ready to scale.

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