The Ministry of Corporate Affairs is introduced the web-based system for Incorporation of the Company in India with the new SPICe+ (pronounced “SPICe Plus”) by replacing the previous SPICe form.

The motive behind to introducing new web-based form is to further the ease of doing business in India. The SPICe+ form is said to dedicate 10 services via 3 Central Government Ministries and Departments (Ministry of Labour & Department of Revenue in the Ministry of Finance, Ministry of Corporate Affairs). There are some major difference between Old SPICe form and new web-based SPICe+ form.

Comparison between SPICe Form and SPICe+ form:

Form SPICe –

The SPICe form helps in incorporating the Company whether it is a Private Limited Company, Public Limited Company, One Person Company, Nidhi Company, Section 8 Company or Producer Company by filing the PDF form SPICe with Ministry of Corporate Affairs.

The SPICe form helps in

1. Name Reservation
2. Incorporation of New Company
3. Allotment of Director Identification Number (DIN)
4. Issue of Permanent Account Number (PAN)
5. Issue for TAN

Form SPICe+ (SPICe Plus) –

In addition to Incorporating the Company, SPICe+ offer various other registration services, the list of all services provide by the SPICe+ form is as under:

1. Name Reservation by filing Part A of the web based form
2. Incorporation of the Company
3. Allotment of Director Identification Number (DIN)
4. Issue of Permanent Account Number (PAN)
5. Issue for TAN
6. Mandatory Registration of Company as an employer with EPFO
7. Mandatory Registration of Company under ESIC
8. Mandatory Professional Tax (PT) Registration (Maharashtra)
9. Mandatory Opening of Bank Account
10. Registration under Goods and Services Tax/GSTIN number (if so applied for)

The RUN form shall be applicable only to change the name of the company, and for the registration of companies, the application shall be filed only by way of Spice+ Form.

PROCEDURE FOR INCORPORATION OF COMPANY UNDER WEB BASED SPICE+ FORM

DOCUMENTS TO BE ATTACHED FOR INCORPORATION OF THE COMPANY:

IMPORTANT NOTE

• If user incorporating the Part I companies, it is mandatory to file URC-1 form containing details of existing entity.
• Professional Tax Registration is mandatory only for new companies incorporated in the State of Maharashtra.
• There is not fee to be paid while applying GSTIN, EPFO, ESIC, opening the Bank Account through SPICe+.
• SPICe+ form shall be filed with MOA and AOA as attachments in case of more than 7 subscribers.
• The sequence of uploading the linked form to SPICe+ is

• • SPICe+
  • e-MOA (if applicable)
  • e-AOA (if applicable)
  • URC-1 (if applicable)
  • AGILE-PRO (mandatory in all the Cases)
  • INC-9 (if applicable)

• There are only 2 (Two) re-submission are permitted for SPICe+ forms
• The word limit for writing object in e-MOA is 20,000 for main Objects (Field 3(a)), and for it is 1,00,000 characters for furtherance of objects (Field 3(b)).
• 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.

 For official Notification click here

Thanks and Regards

Gandharv Khandelwal

B.Com, CS and LL.B