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Business Registration FAQ
No! You can use a co-working space, rented office, or even your home address for
business registration. However, a virtual office might not be accepted for some business
types.
You must maintain annual ROC filings, tax returns, financial statements, and board
meetings. Non-compliance can result in penalties. We offer end-to-end compliance
support.
Yes! OPC provides limited liability protection, while Sole Proprietorship does not.
If you are a single owner and want legal security, OPC is the better option.
An OPC can have only one shareholder, but it can have more than one director. If the
company grows, it can be converted into a Private Limited Company.
Tax exemptions, easier funding, government grants, and reduced compliance. We
assist with Startup India recognition and DPIIT certification.
Your business must be registered as a Private Limited Company, LLP, or OPC and be
recognized under Startup India to avail benefits like tax exemptions, grants, and easy
loan access.
Yes! A Private Limited Company, LLP, or OPC can operate multiple business
activities under the same entity as long as they are mentioned in the MOA
(Memorandum of Association).
If you plan to raise funding, choose a Private Limited Company. If you want lower
compliance and tax benefits, an LLP is a better choice.
Yes! A registered company or LLP can own property, assets, and bank accounts in its
name.
No, but an unregistered partnership has limited legal protection. A registered
partnership ensures stronger dispute resolution and tax benefits.
NGO FAQ
At least two directors for a Private Section 8 Company and three for a Public Section
8 Company. There is no upper limit on members.
No! Unlike a Private or Public Limited Company, a Section 8 Company has no
minimum capital requirement.
80G registration allows donors to claim tax deductions on their donations, making
fundraising easier.
12AA registration provides income tax exemption to NGOs, ensuring their surplus
funds are not taxed.
Yes! It is recommended to apply for both registrations simultaneously to get full tax
benefits.
Yes! Both must be renewed every 5 years under the new tax laws. We help in renewal
and compliance management.
Without 12AA approval, your NGO will be treated as a normal taxable entity, making
it liable to pay income tax on donations and funds received.
A minimum of 7 members is required for Society registration under the Societies
Registration Act, 1860.
Yes! Registered Societies with 12AA and 80G approval can apply for government
grants and CSR funding.
At least two trustees are required, but having more improves governance and
decision-making.
No! A Trust must have public welfare objectives to qualify for 80G and 12AA tax
exemptions.
Yes! But they must have FCRA registration to legally accept foreign contributions.
Government Registration FAQ
IEC is a mandatory 10-digit license issued by DGFT for businesses engaged in
importing and exporting goods and services from India.
No, one IEC is valid for all branches and units of a business entity.
IEC is now valid for a lifetime, but it must be updated annually on the DGFT portal.
No! IEC registration does not require GST registration, but it is recommended if you
have a taxable turnover.
Yes! Businesses providing services to foreign clients and receiving foreign currency
payments also need an IEC.
Udyam (formerly Udyog Aadhaar) is a government-recognized MSME certification
that provides tax benefits, subsidies, lower interest loans, and easier access to business
tenders.
Any Micro, Small, or Medium Enterprise (MSME) in manufacturing, services, or
trading can apply.
No, but it is highly beneficial as it provides government incentives, priority lending,
and tax exemptions.
Yes! Both manufacturing and service-based businesses are eligible for
MSME/Udyam registration.
No! Udyam Registration is valid for a lifetime, but details should be updated if there
are changes in business structure.
Yes! If your turnover and investment fall within MSME limits, you can apply for
MSME classification.
Yes! Many startups register under both schemes to maximize government benefits.
License FAQ
Yes! If your business has 20 or more employees, EPF registration is mandatory.
Smaller businesses can register voluntarily.
Yes! Employees can partially withdraw EPF for purposes like medical emergencies,
marriage, home purchase, or education.
Non-compliance leads to penalties, fines, and legal action by EPFO.
Yes! The EPF account is transferable via the UAN (Universal Account Number),
ensuring continuity.
ESIC is a health and social security scheme for employees. Any company with 10 or
more employees (20 in some states) with a salary below ₹21,000/month must register.
Employees get free medical care, maternity benefits, disability cover, and
unemployment benefits.
Yes! Businesses can register voluntarily to offer employees health and social security
benefits.
Yes! Contract workers and temporary employees are also covered under ESIC.
Yes! ESIC benefits are available across India, irrespective of the place of
employment.
FSSAI is a mandatory food safety license ensuring businesses meet quality and
hygiene standards.
Any food business (restaurants, manufacturers, retailers, e-commerce, importers,
etc.) must obtain an FSSAI license.
Basic Registration: For businesses with a turnover of ₹0-12 lakhs.
State License: Turnover ₹12 lakhs – ₹20 crores.
Central License: Turnover above ₹20 crores or for import/export businesses.