Sponsored
    Follow Us:
Sponsored

Introduction

This blog includes information on the corporate identification number (CIN), covering information on the CIN for companies, what it is, how to check it, and other related information. The Registrar of Companies (ROC) assigns each company incorporated in India with a unique identification number known as a Corporate Identification Number (CIN). After receiving their Registration Certificate, companies are granted their CIN by the ROC. The CIN is significant because every business is required to include this specific number on all documents submitted to the MCA, such as audits and other reports.

What is CIN Number?

The Ministry of Corporate Affairs issues the Corporate Identification Number (CIN), a 21-digit alpha-numeric identifier, to businesses that are formed in India after they have registered with the ROC in various states across the country.

All businesses that register in India are issued a CIN; examples are listed below.

One Person Company (OPC)

  • Nidhi Company
  • Limited Liability Company
  • State-owned enterprises
  • The company from Section 8 and others

On the other hand, Limited Liability Partnerships (LLP) registered in India do not acquire a CIN. LLPs are given a special 7-digit identifying number called the LLPIN (Limited Liability Partnership Identifying Number) by the ROC.

Description of the 21-digit of CIN

Section 1

The first character of a CIN shows whether a company is “Listed” or “Unlisted” on the Indian stock exchange. So, the first character indicates if the company is a stock market listed company. The CIN of a company will start with the letter “L” if it is listed, and with the letter “U” if it is not.

Section 2

The next five numeric digits classify a company’s economic activity or the industry to which it belongs. This categorization is based on the kind of economic activity that a facility like that would carry out. The MCA (Ministry of Corporate Affairs) has issued numbers to each category and industry.

Section 3

The next two letters represent the Indian state where the company is registered. As an illustration, GJ signifies Gujarat, MH signifies Maharashtra, KA signifies Karnataka, and so on. It works in the same way that a vehicle registration number does.

Section 4

The next four digits in a CIN number represent the year in which the company was created.

Section 5

The next three letters stand for the company class. These three letters indicate whether a company is a public limited or private limited company. If the CIN number is FTC, it means the business is a subsidiary of a foreign corporation, whereas the Government of India means the business is owned by the Indian government.

Section 6

The final six numerical digits represent the registration number provided by the concerned ROC (Registrar of Companies).

The importance of a company’s CIN number

The 21-digit CIN has a unique importance that is easy to understand and simplifies the identification of important corporate data.

  • It is used to obtain the fundamental data on businesses that are registered in the nation with the MCA (Ministry of Corporate Affairs).
  • A company’s CIN (Corporate Identification Number) must be submitted on all transactions with the relevant ROC (Registrar of Companies), and it is used to track all of its activities beginning with the time the ROC first established the company.
  • CIN numbers can be used to identify or track organizations for various levels of information maintained by MCA/ROC. The CIN provides details about the Registrar of Companies (ROC) as well as the identification of the company.

How to obtain a CIN number for your company?

Once you have chosen the type of business you want to establish, the steps to obtaining a CIN are as follows.

  • Get a DSC (Digital Signature Certificate).
  • Obtain a DIN (Director Identification Number).
  • The new user registration process must be finished.
  • After completing this, complete the company incorporation process.
  • Incorporate the Company

After receiving the company’s incorporation papers, the MCA (Ministry of Corporate Affairs) will evaluate and approve the application. After all of the application’s data has been verified, the CIN is assigned.

Summary

A business registration number, also referred as a CIN (Corporate Identification Number), a special identification number issued by the ROC (Registrar of Companies). In simple terms, a CIN is a special code that includes both the company’s identification number and extra details about how it operates.

Sponsored

Author Bio

Ishita is a young woman entrepreneur and currently the Operations Director at ebizfiling India Private Limited. In her entire career so far, she has led a team of 50+ professionals like CA, CS, MBAs and retired bankers. Apart from her individual experience on almost every facet of Indian Statutory View Full Profile

My Published Posts

Common Errors to Avoid While Filing Spice+ Forms   Common Mistakes to Avoid While Making Income Tax Payments Common Mistakes to Avoid When Selecting from the Trademark Class List Key Food License Documents requirements for FSSAI Registration Common Mistakes to Avoid When Filing ESIC Nil Return View More Published Posts

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031