As part of the Ministry’s efforts towards promoting Ease of Doing Business to stakeholders, MCA (Ministry of Corporate Affairs) notified the New version of SPICe (Form INC-32) with date of effect as 30th January 2017, so as to include the functionality of applying for Company PAN and first TAN (allotted by Income Tax Department) in the SPICe (Form INC-32) itself. Applying for PAN / TAN will be compulsory for all fresh incorporation applications filed in the new version of the SPICe form.
LIST OF COMPANIES WHICH CAN BE INCORPORATED USING SPICe Form
PURPOSE OF SPICe (Form INC-32)
SPICe (Form INC-32) deals with a single form for allotment of DIN, reservation of name, & incorporation of new company. It is accompanied by the documents envisaging the details of Directors & subscribers, e-MoA (Form INC 33) and e-AoA (Form INC 34). However, if the form is processed and is complete then the company will be registered and CIN as well as DIN will be given to the Company and the proposed Directors respectively. While incorporating a company, three (03) directors are allowed for applying for allotment of DIN using this form.
However, it has reduced the paperwork involved while incorporating company and also lessened the level of formalities & compliances making incorporation of company a direct and easy process as a whole.
MAJOR IMPORTANT POINTS REGARDING SPICe (Form INC-32) WHICH WE ALL SHOULD KNOW:
PAN/TAN MANDATORY TO BE APPLIED WHILE FILING SPICe (Form INC 32) FOR INCORPORATING COMPANY
PAN/TAN are mandatorily required to be applied while filing SPICe (Form INC 32) for incorporating company. However, a consolidated challan shall be generated at the time of filing SPICe (Form INC-32) which shall contain applicable fee towards:-
(i) Form Fee
Filing fees of Form INC-32, MoA, AoA shall be nominal as per Table of Fees pursuant to Rule 12 of Companies (Registration of office & fees) Rules 2014. However, For PAN-Rs.107 and TAN-Rs.63 shall be payable.
STEPS FOR APPLYING PAN/TAN AFTER FILING SPICE FORM (FORM INC-32) FOR INCORPORATION OF COMPANY
Step 1: The user shall be required to visit the MCA portal and access the service ‘Submit application for PAN and TAN’,
Step 2: Download 49A(PAN) and 49B(TAN) and upload them on the same screen after attaching DSC.
Step 3: Upload these forms (PAN&TAN) within 2 days of filing the SPICe form failing which the entire SPICe form would be marked as Invalid and Not to be taken on record.
Do you think CBDT should extend Tax Audit Report and relevant ITR Due Date? Please Comment, Vote, Retweet and Like.— Tax Guru (@taxguru_in) September 18, 2018