Company Incorporation and Promoters

Vocabulary flashcards covering the SPICE process, promoters, and ROC incorporation steps.

SPICE

Simplified Proforma for Incorporating a Company Electronically

Promoter

Person who gets the idea to form a company ("iska co. Banane ka idea ata"), exercises control, or whose directions others are accustomed to act upon, excluding persons acting in a professional capacity.

Person in professional capacity

A professional who provides services or advice in company formation, explicitly classified as not a promoter.

SPICE + form

The form filed along with additional documents and professional declarations to the ROC for company incorporation.

Certificate of Incorporation

The document issued by the ROC after checking submitted forms and entering the company in the Register of Company.

Register of Company

The official register where the ROC enters the company upon verifying the filed SPICE + form and accompanying documents.