The Ministry of Corporate Affairs works actively towards ease of doing business. To support this objective, the Ministry of Corporate Affairs vide its Notification dated 18th February, 2020, amended Companies (Incorporation) Rules, 2014 and ushered in the process of Incorporation of Companies through SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus: INC-32) in place of existing e-Form INC-32 (SPICe) under Companies (Incorporation) Amendment Rules, 2020.
SPICe+ is an integrated Web Form introduced to revamp the process of Incorporating a Company with a view to lower the cost of incorporating a company and to facilitate ease of doing business in India.
A company can be incorporated in following two ways under the new procedure: Cluster of services which company can have recourse to while incorporating through SPICE+ are as follows:

  • 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 (in case of Maharashtra Only)
  • Mandatory Opening of Bank Account for the Company and
  • Allotment of GSTIN (optional)

Forms which are linked to SPICe+ i.e. forms which are required to be filed along with Form SPICe+

  • Agile-Pro
  • SPICe+ MOA
  • SPICe+ AOA
  • INC-9 PDF Generation

 A comparative analysis of earlier Form INC-32 SPICe and current Web Form INC-32 SPICe+
 

Earlier Feature Now Feature
e- Form AGILE (Linked e-Form) Optional registration under EPFO, ESIC, GSTIN. e- Form AGILE-Pro (Linked Web Form) Mandatory registration under EPFO, ESIC, optional for GSTIN, Profession Tax registration (in case of Maharashtra Only)
Form INC-9 Prepared manually for every subscriber/ first director whether having DIN/ PAN not Form INC-9 Generated online for every subscriber/ first director who are having DIN/ PAN
Opening of Bank Account Not mandatory at the time of incorporating Company Opening of Bank Account Mandatory at the time of incorporating Company itself
RUN (Reserve Unique Name) Available for incorporation of new company or change of name of existing Company RUN (Reserve Unique Name) Available for change of name of existing Company only. Name for new company can now be reserved through Part-A of SPICe+

 

Related posts:

6TH AMENDMENT RULE, 2018
ESOPs To Incentivize & Increase Productivity of The Employees
MSME (Micro, Small and Medium Enterprises)