BUSINESS LEGAL COMPLIANCE & REGISTRATION HANDBOOK (Q&A)
Frequently asked questions
Here are some common questions about our company.
Sole Proprietorship Registration
· Q1: What is a Sole Proprietorship?
A: A business owned and managed by a single individual with full control and unlimited liability. It is the simplest form of business entity in India.
· Q2: What are the steps to register a Sole Proprietorship?
A:
1. Choose a business name (must be unique and not trademarked).
2. Get a PAN card.
3. Open a current bank account.
4. Register under GST, Shops & Establishment, UDYAM, Professional Tax.
5. Apply for a Trademark (optional).
· Q3: What are the documents required for Sole Proprietorship registration?
A:
• PAN card
• Aadhaar card
• Passport-size photo
• Business address proof
• Bank account proof or cancelled cheque
• GST certificate / Shop license
· Q4: What are the annual compliances for a Sole Proprietorship?
A:
• File ITR-3 or ITR-4 by 31st July
• File GST returns (if applicable)
• Maintain books of accounts if turnover exceeds limits.
One Person Company (OPC) Registration
· Q1: What is a One Person Company (OPC)?
A: An OPC is a type of private limited company with only one shareholder and one director (the same person), providing limited liability protection.
· Q2: What are the steps to register an OPC?
A:
1. Obtain DSC & DIN.
2. Reserve company name via RUN/SPICe+.
3. Prepare MoA, AoA, and nominee consent (INC-3).
4. File SPICe+ Part B and get COI.
5. Open company bank account.
· Q3: What are the documents required for OPC registration?
A:
• PAN & Aadhaar of director
• Address proof
• Photo
• DSC
• MoA, AoA, and INC-3
· Q4: What are the post-registration compliances for an OPC?
A:
• File AOC-4, MGT-7A annually
• Maintain accounts
• File ITR-6
• Conduct board meetings at least once every 6 months.
Limited Liability Partnership (LLP) Registration
· Q1: What is an LLP?
A: LLP is a hybrid structure combining features of partnership and company — offering limited liability and separate legal identity.
· Q2: What are the steps to register an LLP?
A:
1. Obtain DSCs for partners.
2. Apply for DPIN/DIN.
3. Reserve LLP name.
4. File FiLLiP and Form 3.
5. Receive COI.
6. Apply for PAN, TAN, GST.
· Q3: What documents are required for LLP registration?
A:
• PAN & Aadhaar of partners
• Registered office proof
• NOC from owner
• DSC of partners
• LLP Agreement
· Q4: What are the annual compliances of an LLP?
A:
• File Form 11 (Annual Return) – by 30th May
• File Form 8 – by 30th October
• File ITR-5 – by due date.
Private Limited Company Registration
· Q1: What is a Private Limited Company?
A: A company privately held by shareholders (min 2, max 200), offering limited liability and high credibility.
· Q2: What are the steps to register a Private Limited Company?
A:
1. Obtain DSC & DIN.
2. Name reservation via SPICe+.
3. Prepare MoA, AoA.
4. File SPICe+ Part B.
5. Get COI, PAN, TAN.
6. Open current account.
· Q3: What are the post-registration compliances?
A:
• File AOC-4 & MGT-7 annually
• Conduct board meetings
• Hold AGM
• File ITR-6
• Maintain registers.
· Q4: What documents are required?
A:
• PAN, Aadhaar, photos of directors
• Office proof + NOC
• MoA, AoA, INC-9, DIR-2
• Utility bill.
UDYAM (MSME) Registration
Q1: What is UDYAM Registration?
A: Government registration under MSME for micro, small, and medium enterprises.
Q2: Process:
1. Visit https://udyamregistration.gov.in
2. Enter Aadhaar, PAN, business details.
3. Submit and get certificate.
Q3: Documents required:
• Aadhaar
• PAN
• Business address
• Bank details
• Previous registration (if any).
GST Registration
Q1: Who should register under GST?
A: Businesses above ₹40L (goods) or ₹20L (services) turnover.
Q2: Process:
1. Go to https://gst.gov.in
2. Click “New Registration.”
3. Fill PAN, mobile, email, verify OTP.
4. Upload docs.
5. Get GSTIN.
Q3: Documents required:
• PAN, Aadhaar
• Address proof
• Bank statement
• Photograph.
Startup India Registration
Q1: What is Startup India Registration?
A: DPIIT initiative for startups to get recognition and benefits.
Q2: Who can apply?
A: Only Pvt Ltd, LLP, or Partnership firms.
Q3: Process:
1. Register at startupindia.gov.in
2. Fill details, upload docs.
3. Get DPIIT certificate.
Q4: Documents:
• COI
• PAN
• MoA/AoA or LLP Agreement.
Trademark Registration
Q1: What is a Trademark?
A: A mark, word, or logo that uniquely identifies a brand.
Q2: Process:
1. Visit ipindia.gov.in
2. Search trademark.
3. File TM-A form.
4. Pay fee.
5. Examination → Journal publication → Registration.
Q3: Documents:
• PAN & Aadhaar
• Logo/wordmark
• Business proof
• Power of Attorney (if agent).