{"id":21193,"date":"2022-01-15T22:07:56","date_gmt":"2022-01-15T16:37:56","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=21193"},"modified":"2024-03-09T00:19:25","modified_gmt":"2024-03-08T18:49:25","slug":"spice-make-simplification-company-formation-process","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/spice-make-simplification-company-formation-process\/","title":{"rendered":"SPICe+ make Simplification Company Formation process"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6ac028fe345f1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6ac028fe345f1\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/spice-make-simplification-company-formation-process\/#Features_of_SPICe_make_Simplification_New_Company_Formation_process_in_India\" >Features of SPICe+ make Simplification New Company Formation process in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/spice-make-simplification-company-formation-process\/#What_is_SPICe\" >What is SPICe?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/spice-make-simplification-company-formation-process\/#A_Single_Application_Form_SPICe_SPICe_Plus_Helps_in\" >A Single Application {Form SPICe+ (SPICe Plus)} Helps in:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/spice-make-simplification-company-formation-process\/#A_Single_Application_SPICe_INC_32_Helps_in\" >A Single Application (SPICe INC 32 )Helps in:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/spice-make-simplification-company-formation-process\/#Who_can_use_file_the_SPICe_form\" >Who can use &amp; file the SPICe form?<\/a><\/li><\/ul><\/nav><\/div>\n<h3 style=\"margin: 0cm; margin-bottom: .0001pt; text-align: justify; vertical-align: baseline;\"><span class=\"ez-toc-section\" id=\"Features_of_SPICe_make_Simplification_New_Company_Formation_process_in_India\"><\/span><span style=\"font-size: 16pt; font-family: Arial, sans-serif; color: #000080;\">Features of SPICe+ make Simplification New Company Formation process in India<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-9401\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/11\/company4-Pragistration-process-of-company-1024x582.png\" alt=\"\" width=\"874\" height=\"496\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/11\/company4-Pragistration-process-of-company-1024x582.png 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/11\/company4-Pragistration-process-of-company-300x170.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/11\/company4-Pragistration-process-of-company-768x436.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/11\/company4-Pragistration-process-of-company.png 1236w\" sizes=\"auto, (max-width: 874px) 100vw, 874px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_SPICe\"><\/span><span style=\"color: #ff0000;\">What is SPICe?<\/span><span id=\"what\"><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Simplified Proforma for <a href=\"https:\/\/www.caindelhiindia.com\/blog\/corporate-and-professional-update-jan-09-2017\/\">Incorporating a Company online<\/a> (SPICe) + would be an integrated online Form.<\/li>\n<li>Most Up-to-Date Regulation for Companies Filing Form SPICe Plus Spice+ is a new web-based form that takes the place of Spice.<\/li>\n<li>MCA has introduced a new web-based form spice+ and other registration together with the form to make the firm incorporation procedure easier.<\/li>\n<li>With this single window form, the company may now apply for EPFO\/ESI and GST numbers. According to the regulations of the Ministry of Corporate Affairs, all companies must obtain a PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra), and open a bank account.<\/li>\n<li>SPICe is a comprehensive form via which an application for:<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Incorporation of a company<\/li>\n<li>Name reservation<\/li>\n<li>Application for PAN\/TAN<\/li>\n<li>Allotment of DIN<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"A_Single_Application_Form_SPICe_SPICe_Plus_Helps_in\"><\/span><span style=\"color: #000080;\"><strong>A Single Application {<\/strong><strong>Form SPICe+ (SPICe Plus)} <\/strong><strong>Helps in:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The Form SPICe+ would have two parts viz.: Part A-for Name reservation for new companies and Part B offering a bouquet of services viz.<\/li>\n<\/ul>\n<p style=\"padding-left: 80px;\">(i) Incorporation &amp; Name Reservation<br \/>\n(ii) DIN allotment<br \/>\n(iii) Mandatory issue of <a href=\"https:\/\/carajput.com\/services\/permanent-account-number-pan.php\">PAN<\/a><br \/>\n(iv) Compulsory issue of TAN<br \/>\n(v) Mandatory issue of <a href=\"https:\/\/carajput.com\/services\/epf-registration.php\">EPFO registration<\/a><br \/>\n(vi) Compulsory issue of <a href=\"https:\/\/carajput.com\/pf-esi.php\">ESIC registration<\/a><br \/>\n(vii) Mandatory issue of Profession Tax registration(Maharashtra)<br \/>\n(viii) Compulsory Opening of Bank Account for the Company and<br \/>\n(ix) Allotment of GSTIN (if so applied for).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"A_Single_Application_SPICe_INC_32_Helps_in\"><\/span><span style=\"color: #000080;\"><strong>A Single Application (<\/strong><strong>SPICe INC 32 )<\/strong><strong style=\"font-size: 16px;\">Helps in:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Registration of a new company<\/li>\n<li><span class=\"show-popp\">Applying for DIN<\/span>\u00a0allotment<\/li>\n<li>Name reservation<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>Readers may choose whether to submit Part-A for reserve of a name first and then submit Part B for incorporation &amp; other services or file Parts A &amp; B together in one go for the incorporation of a new company &amp; use of a range of services as defined above.<\/li>\n<li>A modern &amp; user-friendly front-office interface for client integration applications (SPICe+ and related forms as applicable) is being developed.<\/li>\n<li>Applications for incorporation (Part B) after name reservation (Part A) can be submitted as a streamlined phase in the continuation of Section A of SPICe+.<\/li>\n<li>Stakeholders will not be required to enter the approved name SRN as the approved name will be prominently displayed on the Dashboard<\/li>\n<\/ul>\n<ul>\n<li>A click on it will take the user to continue the application via a hyperlink that will be available on the SRN \/ application number in the new dashboard.<\/li>\n<li>Resubmission of applications for business name reservation and\/or registration shall now be done by means of the form number \/ Name applied for on the new dashboard.<\/li>\n<li>From 15 February 2020 onwards, the RUN service will only refer to the &#8216;change of name&#8217; of an established company. 8. The new web form will allow on-screen file and validation of real-time data for the transparent incorporation of corporations.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-12216 size-full\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/Run-Form-1-1.jpg\" alt=\"\" width=\"1700\" height=\"2200\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/Run-Form-1-1.jpg 1700w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/Run-Form-1-1-232x300.jpg 232w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/Run-Form-1-1-791x1024.jpg 791w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/Run-Form-1-1-768x994.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/01\/Run-Form-1-1-1187x1536.jpg 1187w\" sizes=\"auto, (max-width: 1700px) 100vw, 1700px\" \/><\/p>\n<ul>\n<li>The approved name and related incorporation information as set out in Part A will be immediately pre-filled in all linked forms, including AGILE-PRO, eMoA, eAoA, URC1, INC-9 (as applicable)<\/li>\n<li>In order to ensure ease of processing, SPICe+ will be divided into various parts.<\/li>\n<li>Information once entered can be saved and modified.<\/li>\n<li>All Check Form and Pre-Scrutiny Validations (except DSC Validation) must take place on the web page itself.<\/li>\n<li>After the SPICe+ has been filled in with all the necessary information, the same will have to be translated to a PDF file, with only a click of the mouse button, to show the DSCs.<\/li>\n<li>All digitally signed documents will then be submitted along with the related forms as part of the current procedure.<\/li>\n<li>Changes\/modifications to SPICe+ (even after creating pdf and affixing DSCs) can also be rendered by modifying the same web form code that has been saved, producing and uploading modified PDFs to DSCs.<\/li>\n<li>DSC authentication and other validations must take place at Upload Stage.<\/li>\n<li>Enrollment for EPFO and ESIC shall be compulsory for all new companies established as of 15 February 2020 and no EPFO &amp; ESIC registry numbers shall be issued separately by the respective agencies.<\/li>\n<li>Professional tax registration is also compulsory for all startup companies incorporated in the State of Maharashtra as of 15 February 2020.<\/li>\n<\/ul>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-8553\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/SPIC.jpg\" alt=\"www.carajput.com; SPIC\" width=\"965\" height=\"1025\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/SPIC.jpg 800w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/SPIC-282x300.jpg 282w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2020\/09\/SPIC-768x816.jpg 768w\" sizes=\"auto, (max-width: 965px) 100vw, 965px\" \/><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Who_can_use_file_the_SPICe_form\"><\/span><span style=\"color: #000080;\">Who can use &amp; file the SPICe form?<\/span><span id=\"who\"><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"padding-left: 40px;\">The below kind of companies can be registered using the SPICe form:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Registration of Section 8 Company (NGO)<\/li>\n<li>incorporation of Producer Company<\/li>\n<li>Part I Company registration<\/li>\n<li>New Company(Others)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li>All startups incorporated through SPICe+ (we.e.f. 15 February 2020) would also be required to obey for the establishment of the bank account of the company through the secure website linked to AGILE-PRO.<\/li>\n<li>The declaration of all subscribers and first directors in INC-9 shall be self-generated in PDF format and shall only be submitted in electronic form in all cases, except where:\n<ul>\n<li>Overall number of subscribers and\/or directors is more than 20 and\/or more than 20.<\/li>\n<li>Any such subscriber and\/or director shall have neither DIN nor <a href=\"https:\/\/carajput.com\/services\/permanent-account-number-pan.php\">PAN<\/a>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style=\"padding-left: 40px;\"><strong>Note:<\/strong> New companies formed by SPICe+ and thus acquired EPFO \/ ESI number would only have to file legal returns if they exceed the thresholds set by the applicable Laws.<\/p>\n<ul>\n<li><span style=\"color: #000000;\">Thus, we can state that New company Laws regulation under the SPICe Plus form easy for the company to be registered in India. <\/span><\/li>\n<li><span style=\"color: #000000;\">Concluding That steps taken by the Govet over the last few years have substantially accelerated the process of Company incorporation. Their aim of a smooth &amp; simple process is gradually becoming a reality. <\/span><\/li>\n<li><span style=\"color: #000000;\">In earlier past days it was a tiring process requiring months of hard work. <\/span><span style=\"color: #000000;\">But By making best possible use of technology, a company can now be incorporated in a couple of days.\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26268\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/07\/Formation-of-Companies_1.jpg\" alt=\"Formation of Companies_1\" width=\"1168\" height=\"1542\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/07\/Formation-of-Companies_1.jpg 1168w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/07\/Formation-of-Companies_1-227x300.jpg 227w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/07\/Formation-of-Companies_1-776x1024.jpg 776w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/07\/Formation-of-Companies_1-768x1014.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/07\/Formation-of-Companies_1-1163x1536.jpg 1163w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2018\/07\/Formation-of-Companies_1-800x1056.jpg 800w\" sizes=\"auto, (max-width: 1168px) 100vw, 1168px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26270\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_2.jpg\" alt=\"Formation of Companies_2\" width=\"1138\" height=\"1054\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_2.jpg 1138w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_2-300x278.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_2-1024x948.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_2-768x711.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_2-800x741.jpg 800w\" sizes=\"auto, (max-width: 1138px) 100vw, 1138px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26272\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_3-1.jpg\" alt=\"Formation of Companies_3.\" width=\"1127\" height=\"1592\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_3-1.jpg 1127w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_3-1-212x300.jpg 212w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_3-1-725x1024.jpg 725w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_3-1-768x1085.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_3-1-1087x1536.jpg 1087w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/01\/Formation-of-Companies_3-1-800x1130.jpg 800w\" sizes=\"auto, (max-width: 1127px) 100vw, 1127px\" \/><\/p>\n<p>Also Read :<\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/learn\/are-you-a-directorthen-you-have-to-file-ekyc-dir3-form.html\">Are you a Director- then need to file E-KYC DIR-3 Form<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/compliance-for-foreign-subsidiary-companies-in-india\/\">Compliance for Foreign Subsidiary Companies in India<\/a><\/li>\n<\/ul>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/learn\/requirements-for-company-registration.html\">Requirements for Registration of a company<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/government-fees-for-company-registration.html\">Government Fees for registering the Company<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/procedures-for-conversion-of-partnership-firm-to-private-company\/\">Procedures for Conversion of Partnership Firm to Private Company<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Features of SPICe+ make Simplification New Company Formation process in India What is SPICe? Simplified Proforma for Incorporating a Company online (SPICe) + would be an integrated online Form. Most Up-to-Date Regulation for Companies Filing Form SPICe Plus Spice+ is a new web-based form that takes the place of Spice. MCA has introduced a new &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[208],"tags":[296,8757],"class_list":["post-21193","post","type-post","status-publish","format-standard","hentry","category-company-registration","tag-company-formation-in-india","tag-spice-simplification-company-formation-process-in-india"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2 - aioseo.com -->\n\t<meta name=\"description\" content=\"incorporating a company online, incorporating an online business, how to incorporate a company online, incorporating a business online, register company online\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Rajput Jain &amp; Associates\"\/>\n\t<meta name=\"keywords\" content=\"company formation in india,spice+ simplification company formation process 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