ICAI-registered CA firm providing specialist compliance for Pvt Ltd startups — angel tax valuation under Rule 11UA, DPIIT recognition, ESOP design, FEMA filings, ROC compliance, and Virtual CFO services.
Sharma Jyoti and Co is an ICAI-registered CA firm providing compliance services to Indian Pvt Ltd startups — angel tax valuation under Rule 11UA, DPIIT recognition and Section 80-IAC tax exemption, ESOP design and FMV valuation, FEMA and FC-GPR filings, ROC annual compliance, and Virtual CFO services for investor-ready reporting. We work exclusively with Pvt Ltd companies, not individual filings.
Most startup founders already have a CA who handles basic GST and ITR. But the moment your startup raises its first angel round, hires its tenth employee, or receives a foreign investment — the compliance requirements become specialist work that a generalist CA has rarely done before.
Angel tax valuation requires a DCF report signed by a CA under Rule 11UA. FEMA FC-GPR filing must reach the RBI within 30 days of share allotment. ESOP design requires a board resolution, pool sizing, FMV determination, and Form PAS-3. These are not routine filings — they require a CA who has done them before.
Six specialist services covering every major compliance requirement from incorporation through to Series A and beyond.
Every startup raising money from a resident Indian angel investor needs a CA-certified DCF valuation report before shares are allotted. Without it, the Income Tax Department can treat the excess over FMV as income — taxed at 30%. We prepare the complete Rule 11UA valuation report, document the assumptions, and give you a defensible position if the Assessment Officer ever questions the deal.
Fee: Rs 40,000 – Rs 1,50,000 depending on round size and complexity
DPIIT recognition under the Startup India programme gives your company three concrete benefits — a three-year income tax holiday under Section 80-IAC, exemption from angel tax for qualifying investments, and relaxed loss carry-forward rules. Most founders do not apply because the process looks complicated. We handle the complete application, documentation, and DIPP communication on your behalf.
Fee: Rs 15,000 – Rs 25,000
Employee Stock Options in an Indian Pvt Ltd are governed by Section 62(1)(b) of the Companies Act 2013. Designing an ESOP scheme requires pool sizing, vesting schedule drafting, FMV determination at grant date (required by the Income Tax Act for perquisite calculation), board and shareholder resolutions, and Form PAS-3 filing after exercise. We design the full scheme and handle every filing.
Fee: Rs 30,000 – Rs 80,000
Any Indian Pvt Ltd company receiving foreign investment — from an NRI, a US angel, or a foreign VC — must file Form FC-GPR with the Reserve Bank of India within 30 days of share allotment. Additionally, the FLA Annual Return must be filed by 15 July every year. Missing these deadlines attracts compounding penalties. We manage the complete FEMA compliance process from documentation to RBI submission.
Fee: Rs 20,000 – Rs 40,000 per filing
Every Pvt Ltd company must file AOC-4 (financial statements) and MGT-7 (annual return) with the MCA each year, hold a minimum of four Board Meetings with maintained minutes, and file Director KYC annually. Late filing attracts additional fees of Rs 100 per day per form — which compounds quickly. We manage the full annual compliance calendar so no deadline is missed.
Fee: Rs 25,000 – Rs 40,000 per year
Once your startup has investor reporting requirements, a monthly MIS report is not optional — it is expected. We provide Virtual CFO services to startups that need investor-ready financial reporting, cash flow forecasting, and board deck financials without the cost of a full-time CFO. Includes monthly MIS, budget vs actuals, and runway analysis.
Fee: Rs 20,000 – Rs 50,000 per month
| Situation | Generalist CA | Sharma Jyoti and Co |
|---|---|---|
| Angel investor is coming in | "I'll look into it" | Rule 11UA DCF report ready before allotment |
| Foreign investor (NRI or overseas) | "I don't handle FEMA" | FC-GPR filed within 30-day RBI deadline |
| Want to give ESOPs to team | Generic scheme, wrong FMV method | Full scheme + FMV + PAS-3, Companies Act compliant |
| Missed ROC filing deadline | Files late, penalty accumulates | Compliance calendar prevents it from happening |
| VC asking for MIS report | Not in scope | Investor-ready MIS delivered monthly |
Pvt Ltd registration on MCA + DPIIT recognition application + first Board Meeting minutes.
Rule 11UA valuation report before allotment + 80-IAC tax exemption filing + ROC annual compliance.
ESOP scheme design, FMV valuation, board resolutions, and Form PAS-3 after exercise.
FC-GPR within 30 days of allotment + FLA Annual Return + NRI ESOP FEMA reporting.
Monthly MIS, cash flow forecasting, runway analysis, and board deck financials for investor reporting.
Sharma Jyoti and Co is an ICAI-registered Chartered Accountant firm. We provide specialist CA services to Indian Pvt Ltd startups and outsourced bookkeeping and accounting services to businesses in Australia, the US, the UK, and Canada.
Our India practice focuses exclusively on Pvt Ltd company work — startup compliance, valuation, ESOP, and FEMA. We do not handle individual ITR filings or personal tax. This focus means every client gets a CA who has done their specific filing type before, not someone learning on the job.
Founder: Sharma Jyoti, CA (ICAI) — ICAI-registered Chartered Accountant with experience across startup compliance, international accounting, and CFO-level advisory.
Tell us where your startup is — incorporation, fundraising, ESOP, or FEMA — and we will tell you exactly what needs to be done, in what order, and at what cost. No obligation.