Change in CIN number of the company

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rand office (Querist)
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24 May 2025 In SPICE+ Part A we had mistakenly chosen the Foreign Subsidiary company instead of the non-government Company and now the CIN number contains FTC in it. please guide us on how to make it as PTC that is Private limited company.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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24 May 2025 Correction is NOT possible through simple modification
Once a CIN has been generated and the company is incorporated, the type of company (e.g., FTC vs. PTC) cannot be changed by just editing SPICe+ or through an MCA portal correction. This is because the incorporation is legally complete and the company has been registered with a specific structure.

You will need to either:
File for Company Conversion (Not ideal in this case)
You can file for conversion of company type, but converting an FTC (foreign subsidiary) to a domestic PTC is not a standard or straightforward process. This is usually reserved for converting between:

Private to Public (or vice versa)

OPC to Private

LLP to Company, etc.

FTC is a classification based on shareholding (foreign ownership), not a standard type convertible directly via form.

Apply for Company Strike Off and Re-Incorporate Correctly
Since it was incorporated mistakenly with the wrong classification, the most practical and accepted method is:

Step 1: Apply for Voluntary Strike-Off (Fast Track Exit)
Use Form STK-2 via MCA portal to strike off the wrongly incorporated FTC company.

Prerequisites for STK-2:

No business activity conducted

No liabilities

All directors’ consent (Board Resolution)

Affidavit & indemnity bond from directors

Statement of accounts (nil activity)

It typically takes 1–2 months.

Step 2: Re-File SPICe+ Forms Correctly
After strike-off approval, re-initiate incorporation using SPICe+ Part A & B, and this time choose:

Type of company: Private Company

Category: Company limited by shares

Sub-category: Non-Government Company

Your new CIN will then reflect PTC (e.g., U12345MH2025PTC000001).
Do not try to operate the incorrect FTC-registered company as a regular PTC. It will create compliance issues, especially regarding FDI and FEMA regulations.

Take legal advice from a Company Secretary (CS) or Chartered Accountant (CA) who can assist with filing STK-2 and re-incorporation.