A Private Limited Company can be incorporated with a minimum of 2 directors (DIN) and a maximum of 20 directors (DIN) and has a minimum of two stockholders and a maximum of 200 stockholders. Owners of the company have limited liability to creditors. In case of a default, banks/creditors can sell only company property but not the personal assets of directors.
Features of SPICE+: SPICe+ is an integrated Web Form replacing the earlier version of the e-forms, the form is divided in to two parts viz.:
Part A-for Name reservation for new companies
Part B – offering a bouquet of services viz.
Mandatory issue of PAN
Mandatory issue of TAN
Mandatory issue of EPFO registration
Mandatory issue of ESIC registration
Mandatory issue of Profession Tax registration(Maharashtra)
Mandatory Opening of Bank Account for the Company
Allotment of GSTIN (if so applied for)
It may be noted that from 23rdFebruary 2020 onwards, RUN service is applicable only for ‘change of name’ of an existing company and the new web form Facilitate On-screen filing and real time data validation for seamless incorporation of companies. The approved name and related incorporation details as submitted in Part A, would be automatically Pre-filled in all linked forms also viz., AGILE-PRO, eMoA, eAoA, URC1, INC-9 (as applicable)
STEP – I: Apply for Name Approval
A. Login on MCA Website
B. Details required to be mentioned in online form: New fields introduced in Part A of SPICe+ are: (i) Type* of company (ii) Class of company (iii) Category of company (iv) Sub-Category of company (v) Main division of industrial activity of the company (vi) Description of the main division.
C. Choose File: This option is available to upload the PDF documents. If applicant want to attach any file, can be upload at this option.
D. Submission of Form on MCA Website: After completion of above steps user shall submit the Form with MCA website.
E. Validity of Reserved Name: Reserved name shall be valid for 20 days from the date of approval of Name.
STEP – II: Preparation of Documents for Incorporation of Company After approval of name or for Incorporation of Company applicant have to prepare the following below mentioned Documents;
STEP – III: Fill the Information in Form
Features of SPICe+ (Inc-32) form:
STEP – IV: Preparation of MOA & AOA (Electronic or Physical)
After proper filing of SPICE form applicant has to download the e-form INC-33 (MOA) and INC-34 (AOA) form the MCA site. After downloading of form fill all the information in the forms as per requirement of Table A to J of Schedule I.
STEP – V: Fill details of PAN & TAN
It is mandatory to mention the details of PAN & TAN in the Incorporation Form INC-32. Link to find out of Area Code to file PAN & TAN are given in Help Kit of SPICE Form.
STEP – VI: Fill details of GST, IEC in AGILE-PRO
If Company wants to apply for GST or IEC it has to select YES in the form and fill the information in the form. If Company doesn’t want to apply for GST and IEC then it have to select no.
STEP – VII: Submission of INC-32, 33, 34, AGILE-PRO on MCA
Once all the 4 forms ready with the applicant, upload all four document as Linked form on MCA website and make the payment of the same.
STEP – VIII: Certificate of Incorporation
Incorporation certificate shall be generating with CIN, PAN & TAN.