Quick Summary
New companies incorporated through SPICe+ and thereby have obtained EPFO/ESI numbers will have to file statutory returns only when they cross thresholds prescribed under the relevant Acts.
The Ministry of Corporate Affairs notified the SPICe+ web form for the purpose of ease of doing business. The SPICe+ web form aims to reduce the procedures, time, and cost for all new company incorporation. The Ministry of Corporate Affairs further gave a clarification that the new companies incorporated through SPICe+ and have thereby obtained EPFO/ESI numbers will have to file statutory returns only when they cross the thresholds prescribed under the relevant Acts.
FAQ :
The SPICe+ web form is a new process introduced by the Ministry of Corporate Affairs (MCA) to simplify and reduce the time, cost, and procedures involved in incorporating new companies.
No, new companies incorporated through SPICe+ that have obtained EPFO/ESI numbers do not have to file statutory returns immediately.
They are only required to file statutory returns when they cross the thresholds prescribed under the relevant Acts for EPFO and ESI.
The SPICe+ web form aims to make it easier to do business by streamlining the process of incorporating new companies.
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