Introduction of SPICe + Form by MCA

CS CHARU VINAYAK | Last updated: 20 February 2020

Save Share

Quick Summary

The Ministry of Corporate Affairs (MCA) has introduced the SPICe+ form, an enhanced web-based system designed to streamline the process of incorporating a new company in India. This integrated form replaces the older SPICe form and offers a comprehensive suite of services, including name reservation, incorporation, DIN allotment, and mandatory applications for PAN, TAN, EPFO, ESIC, and bank account opening. It also facilitates GSTIN allotment where requested, significantly improving the ease of doing business.

Ministry of Corporate Affairs (MCA) had recently introduced SPICe Form INC-32 which is a Simplified Proforma for Incorporating Company electronically through Companies (Incorporation) Fourth Amendment Rules, 2016. SPICe or Form INC-32 can help incorporate a company with a single application for:

SPICe Form: Streamlining Company Incorporation in India

Reservation of name
Incorporation of a new company and/or
Application for allotment of DIN.

The Integrated Form INC-29 was replaced with SPICe Form INC-32 and as such the Form INC-29 has been completely removed from the MCA portal. The SPICe Form INC-32 is very similar to Form INC-29, which also helps with fast track incorporation of a company in India.

Now in January 2020 The Ministry of Corporate Affairs (MCA), notified to issue new form SPICe+ as a part of India's Ease of Doing Business initiatives. To view the official news click here

The proposed features of SPICe+ form:-

Stakeholders may please note that as part of Government of India's Ease of Doing Business(EODB) initiatives, the Ministry of Corporate Affairs would be shortly notifying & deploying a new Web Form christened ‘SPICe+' (pronounced ‘SPICe Plus') replacing the existing SPICe form.
SPICe would be an integrated Web form offering multiple services viz. name reservation, incorporation, DIN allotment, mandatory issue of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra) and Opening of Bank Account.
It will also facilitate allotment of GSTIN wherever so applied for by the Stakeholders.
After deployment of SPICe web form, RUN shall be applicable only for change of name of existing companies.
Upon notification & deployment, all new name reservations for new companies as well as new incorporations shall be applied through SPICe only
However, incorporation of companies for names reserved through the existing RUN service shall continue to be filed in the existing SPICe eform along with related linked forms as applicable and if marked under resubmission shall be resubmitted in SPICe eform.
Resubmission of SPICe forms submitted prior to date of deployment of SPICe web form shall also be filed in the existing SPICe eform and related linked forms as applicable.

DISCLAIMER: THE ARTICLE IS BASED ON THE RELEVANT PROVISIONS AND AS PER THE INFORMATION EXISTING AT THE TIME OF THE PREPARATION. IN NO EVENT I SHALL BE LIABLE FOR ANY DIRECT AND INDIRECT RESULT FROM THIS ARTICLE. THIS IS ONLY A KNOWLEDGE SHARING INITIATIVE.

The author can be reached at vinayak.charu@gmail.com

FAQ :

SPICe+ (pronounced SPICe Plus) is an integrated web form introduced by the Ministry of Corporate Affairs (MCA) to simplify and expedite the process of company incorporation in India.

The SPICe+ form offers multiple integrated services, including name reservation, incorporation of a new company, DIN allotment, mandatory issue of PAN and TAN, EPFO and ESIC registration, Profession Tax (Maharashtra) registration, and opening of a bank account. It also facilitates GSTIN allotment.

The SPICe+ form replaces the existing SPICe form (Form INC-32) and the RUN service for new company name reservations and incorporations. The older Form INC-29 has also been completely removed.

SPICe+ is part of India's Ease of Doing Business initiatives by consolidating multiple application processes into a single, integrated web form, thereby reducing the time and effort required for company incorporation.

Incorporation of companies for names reserved through the existing RUN service will continue to be filed in the existing SPICe eform. Resubmissions of SPICe forms submitted before the deployment of the SPICe+ web form will also be filed in the existing SPICe eform.

14214 Views 1 Likes Comment Share Corporate Law Report

About the Author

CS CHARU VINAYAK

PROP AT AMIT VINAYAK & ASSOCIATES

Charu Vinayak is a post-graduate and fellow member of the Institute of Company Secretaries of India. She worked as a practicing company secretary for a period of about 10years since 2009, having hand in all type of corporate-legal-matters inter alia having professional excellence in matters of company incorporation ... Read more

View Articles

Comments :