SPICE+ (PLUS) FORM

(New Web Based Form for Company Incorporation) 

INTRODUCTION OF NEW WEB BASED SPICe+ FORM

Keeping in view the ease of doing business, new form SPICe+ is notified for the incorporation of a company and incidental registrations. The form SPICe+ replaces the existing SPICe form. While SPICe is an E-form, SPICe+ is an integrated Web form offering 10 services by 3 Central Govt Ministries & Departments. (Ministry of Corporate Affairs, Ministry of Labour & Department of Revenue in the Ministry of Finance) and One State Government (Maharashtra), thereby saving as many procedures, time and cost for Starting a Business in India. SPICe+ is part of various initiatives and commitment of Government of India towards Ease of Doing Business (EODB). The new SPICe form is said to save valuable time and procedure maintenance of the concerned people and has been incorporated for all the new companies from 23rd February.

WHAT IS SPICe+ FORM?

SPICe is an abbreviation for Simplified Proforma for Incorporating a Company Electronically and as the name suggests it is an application form for incorporating/registering a company with MCA. The company here means any kind of firm may it be a Private limited company, Public Limited Company, One Person Company, Nidhi Company, Section 8 Company or Producer Company.

SPICe+ (SPICe PLUS) – A Single application for:

  • Name reservation
  • Incorporation of a new company
  • Applying for DIN allotment
  • Profession Tax (Maharashtra)
  • Bank Account Opening
  • PAN
  • TAN
  • EPFO
  • ESIC
  • Allotment of GSTIN (Voluntary)

After deployment of SPICe plus web form, RUN shall be applicable only for change of name of existing companies.

The SPICe+ application form can be applied in two ways:

1. Part A (Name Reservation) and Part B (All Other Services) can be applied for on a simultaneous basis.

2. Part A can be applied for initially, and upon reservation of the name, Part B can be applied for.

KEY FEATURES

  • The AGILE form is replaced with AGILE-PRO form through which the company can apply for GSTIN/EPFO/ESIC/Bank Account opening at the time of filing the SPICe+ Form.
  • In case the total numbers of subscribers are less than 20 and have DIN or PAN the declaration of INC-9 will be auto generated and will be submitted electronically in PDF format.
  • Companies incorporated through SPICe+ will have to apply for mandatorily:
    • EPFO Registration
    • ESIC Registration
    • PAN
    • TAN
    • Profession Tax Registration (only for incorporation in Maharashtra)
    • Opening of a Bank Account through AGILE – PRO linked form.
  • Changes/modifications to SPICe+ (even after generating pdf and affixing DSCs), can also be done by editing the same web form application which has been saved, generating the updated pdf affixing DSCs and uploading the same.
  • All Check form and Pre-scrutiny validations (except DSC validation) will happen on the web form itself.
  • Once the SPICe+ is filled completely with all relevant details, the same would then have to be converted into pdf format, with just a click of the mouse button, for affixing DSCs.
  • All digitally signed applications can then be uploaded along with the linked forms as per the existing process.

CONCLUSION

The EODB initiatives taken by the Government over the last few years has significantly advanced the process of company incorporation. Their aim for a seamless and fast procedure is now slowly turning into a reality. This helps in increasing company formation with lesser complexities along with better compliances.

FREQUENTLY ASKED QUESTIONS (FAQs)

What is the First step for availing the incorporation services through SPICe+ Web form?

SPICe+ Web form is a post-login service and existing registered users would need to login into their account using their credentials. New users are required to create a login account first before using the service. 

What are the new fields introduced in Part A of SPICe+ while reserving name?

New fields introduced 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.

How many times changes/ modifications to SPICe+ (after generating pdf and affixing DSCs) can be made?

Changes/modifications to SPICe+ (even after generating pdf and affixing DSCs), can be made up to five times by editing the same web form application which has been saved, generating the updated pdf affixing DSCs and uploading the same.

Under which role DSC needs to be associated for First Directors not having DIN/Subscribers?

First directors not having DIN/Subscribers having PAN shall associate their DSC under ‘authorised representative’ by providing their PAN. Once DIN is allocated for first directors post approval of SPICe+, DSC may be updated against DIN by using ‘Update DSC’ service. 

How many Resubmissions are permitted for SPICe+ forms?

Two

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