The maximum share capital a company is permitted to issue to its shareholders, as stated in its memorandum of association.
Starting a BusinessCompliance & LegalSample
Glossary
Business terminology, explained.
Understand the language behind starting, running and growing a business.
Terms
10 terms
A
D
DIN
Director Identification Number
A unique identification number allotted to an individual who is, or intends to become, a director of a company in India.
Starting a BusinessCompliance & LegalSample
DSC
Digital Signature Certificate
An electronic certificate, issued by a licensed Certifying Authority, that lets a person sign documents and filings digitally.
Starting a BusinessCompliance & LegalSample
E
EBITDA
Earnings Before Interest, Taxes, Depreciation and Amortisation
A measure of operating performance: profit before interest, tax, depreciation and amortisation are taken off.
AccountingAdvisorySample
G
Revenue minus the direct cost of what was sold, expressed as a percentage of revenue.
AccountingAdvisorySample
GSTIN
Goods and Services Tax Identification Number
The 15-character identification number issued to each GST registration, which identifies the registered business on invoices and returns.
GSTSample
GSTR-9
GST annual return
The annual GST return in which a registered taxpayer consolidates the supplies, tax and input tax credit reported over a financial year.
GSTSample
R
ROC
Registrar of Companies
The office under the Ministry of Corporate Affairs that registers companies and LLPs and keeps the official record of their filings.
Starting a BusinessCompliance & LegalSample
T
TDS
Tax Deducted at Source
Income tax that the person making certain payments deducts before paying, and deposits with the government on behalf of the person being paid.
TaxationSample
W
Current assets minus current liabilities: the short-term resources a business has to run its day-to-day operations.
AccountingAdvisorySample