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Companies Act

Key features of new form SPICE+ for Incorporation of Company

February 24, 2020 by Team Instabizfilings

Blog Details

The Ministry of Corporate Affairs (MCA) has vide its notification February 18, 2020 has amended the Companies (Incorporation) Amendment Rules, 2020. The amendment would be effective from February 23, 2020.

 

As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs has deployed a new Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus’) replacing the existing SPICe form.

 

SPICe+ would offer 10 services by 3 Central Govt Ministries & Departments. (Ministry of Corporate Affairs, Ministry of Labour & Department of Revenue in the Ministry of Finance) and One State Govt. (Maharashtra), thereby saving as many procedures, time and cost for Starting a Business in India and would be applicable for all new company incorporations.

 

Key Features:

1. SPICe+ would be an integrated Web Form.

2. SPICe+ would have two parts viz.:

Part A-for Name reservation for new companies and

Part B offering a bouquet of services viz.

-> Incorporation

-> DIN allotment

 

3. AGILE-PRO Form offering a bouquet of services viz. 

-> Issue of PAN

-> Issue of TAN

-> Issue of EPFO registration

-> Issue of ESIC registration

-> Issue of Profession Tax registration (Maharashtra)

-> Opening of Bank Account for the Company and

-> Allotment of GSTIN (if so applied for)

 

4. SPICe+ AOA and SPICe+ MOA

-> Select the appropriate table as per the type and categeogery of company

-> SPICe+ AOA and SPICe+ MOA are autogenerated once the SPICe+ Part B is successfully submited, except for some types of company

 

5. SPICe+ INC-9 Form is autogenerated once the SPICe+ Part B is successfully sumitted

SPICE+ is web based form which means that the applicant would have to login in the MCA portal, prepare the form online.

 

 

Click here to read official MCA notification


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