SPICE + – or the Simplified Proforma for Incorporating Company Electronically – simplifies the company incorporation process further through a new online application webform.
Every company incorporated on or after February 23, 2020, is required to submit an application for name reservation and incorporation via the brand new web service SPICe+.
This new service facilitates applicants who want to apply for the company name, incorporation services, and other integrated services at the same time. Such applicants can do so by completing Parts A and B of the SPICe+ form.
Significance of SPICe+
SPICe+ is one of the several initiatives launched by the Government of India to improve the ease of doing business (EODB) in India. Many entrepreneurs have benefited tremendously in terms of easy and hassle-free incorporation on account of the new initiative.
It is a web form that is an integrated and improved version of the previous SPICe form (i.e. e-form INC-32). The SPICe+ webform provides a grand total of 11 services from three Central Government Ministries and Departments. Namely the,
- Ministry of Corporate Affairs,
- Ministry of Labour
- Department of Revenue in the Ministry of Finance and three state governments (Maharashtra, Karnataka, and West Bengal)
This form has played a major role in reducing the number of procedures, time, and costs associated with starting a business in India.
Services Offered in PART – A of SPICe+ Form
SPICe+ form’s Part A is the portion where all the details pertaining to a new company’s name reservation must be entered. SPICe+ form’s Part A segment can be submitted separately without PART B for the purpose of name reservation only, or it can be submitted in tandem with SPICe+ form’s Part B for name reservation and incorporation, as well as other integrated services.
Services Offered in PART B of the SPICe+ Form
Part B of the Form offers following services:
- Incorporation;
- DIN allotment;
- Mandatory issue of PAN;
- Mandatory issue of TAN;
- Mandatory issue of EPFO registration;
- Mandatory issue of ESIC registration;
- Mandatory issue of Profession Tax registration, only for companies to be registered
- in Maharashtra, Karnataka and West Bengal;
- Mandatory opening of bank accounts for the company;
- Optional allotment of GSTIN;
- Allotment of shops and establishment registration number (Only for Delhi).
Frequently Asked Questions
Q. Can a NIDHI company be incorporated using SPICe+ forms?
Yes, Nidhi Company can be incorporated using SPICe+ form i.e. INC 32.
Q. Are the subscribers’ photos required for the SPICe+ form?
No, subscribers’ photos are not required.
Q. Can OPCs be incorporated using SPICe+ forms?
Yes, OPCs can be incorporated via the SPICe+ form.
Q. Can LLPs be incorporated using SPICe+ forms?
SPICe+ forms cannot be used for incorporating LLPs as the latter comes under a different framework altogether .
Q. What are the words or expressions which can be used in the name of a company only after obtaining prior approval of the Central Government?
The following words and combinations thereof should not be used in the name of a company in English or any of the languages depicting the same meaning unless the prior approval of the Central Government has been obtained for the use of any such word or expressions - a) Board; b) Commission; c) Authority; d) Undertaking; e) National; f) Union; g) Central; h) Federal; i) Republic; j) President; k) Rashtrapati; l) Small ScaleIndustries; m) Khadi and Village Industries Corporation; n) Financial Corporation andthe like; o) Municipal; p) Panchayat; q) Development Authority; r) Prime Minister or ChiefMinister; s) Minister; t) Nation; u) Forest corporation; v) Development Scheme; w) Statute orStatutory; x) Court or Judiciary; y) Governor; z) the use of word Scheme with the name of Government (s), State, India, Bharat or any Government authority or in any manner resembling with the schemes launched by Central, Stateor local Governments and authorities; and za) Bureau.
Q. If a subscriber to the memorandum is a foreign national, his signatures and address needs to be notarized as per the Rule 13 of the Companies (Incorporation) Rules, 2014. In such a case, how can the signature of subscribers be attested?
In these situations, SPICe+ (INC-32) should be filed along with the physically signed Memorandum of Association (MOA) and Articles of Association (AOA). The signature and address of the subscriber therein should be duly notarized / apostilled / consularized, as applicable
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