img
../assets/images/media/kr/0.png

SPICe+ (New online form for Company Incorporation) Part-B

  • 1. For name reservations of new companies, MCA has stretched the time limit of 20 days. It is for submission of Part B of SPICe+. The new deadline is 20th June 2020, for those expiring in between 15th March-31st May 2020.

  • 2. MCA has moved the time limit of 60 days for INC-24 form submission for name change reservation. It is now available until 30th July 2020. The new deadline is 20th June 2020, for those expiring in between 15th March- 31st May 2020.

  • 3. MCA has forwarded the RSUB validity as well. It is for those SRNs, whose final day of doing resubmission is expiring between 15th March -31st May 2020. The new deadline is 20th June 2020, for those expiring in between 15th March-31st May 2020. However, it is not for those who fall under NTBR, i.e., Not to be taken on Record. Moreover, the extension is meant for only a case-to-case basis.

For smooth business operation, SPICe+ is for a company establishment and occasional registration. Moreover, it is a replacement for the already available one. Hence, the new incorporations will have to do through online SPICe+ form filing. However, one needs to fill in AGILE-PRO, SPICe+AoA, and SPICe+MoA forms as well.

Step-by-step process for New Company Incorporation Under SPICe+
1. Find the ‘SPICe+’ feature under ‘MCA Services.’
2. Click on ‘SPICe+,’ and it shows:
3. Upon selecting ‘New Application,’ the next page shows as of below:


4. However, those who are already having an application can go with ‘Existing Application.’ Moreover, they have to provide the application number along with the name with approval. ‘Type of Company’ shows the following options to select from:


5. ‘Class of Company’ comes with following options:


6. ‘Category of Company’ and ‘Sub-Category of Company’ comes with following options:


7. Now, you have to specify the ‘Main division of industrial activity of the Company.’ Basically, here you need to put the code of the industrial activities. For example, upon opting for ‘01’, the appropriate detail of the business will be available within the ‘Description of main division.’

Next, you need to provide specifications for ‘proposed name or approved name.’ However, one needs to tap on ‘Auto-check.’ Primarily, this is essential for doing initial stage auto-scrutiny of the probable name of that with approval. Most importantly, this must happen as per the norms administering the name. One may go for submission of ‘Part A’ of name reservation. Otherwise, there is also an option to move with incorporation.

Those who opt for moving with incorporation can find ‘Part B’ active. Anyway, there are numerous segments within Part B having proper validation for ‘check form’ of every section.

One needs to provide following details for registration purposes. In this context, one may follow the above paragraphs as mentioned as well. Additionally, the details also include following aspects.

Address of the office or of the company with proper registration
Proposed directors and subscribers
Capital that the company generates
Additional details essential for apply for the tax registrations; be it about PAN and TAN

You have to upload the documents required for registration (as mentioned in the paragraphs above).

Post completion of Part B form filling, one needs to go for a ‘pre-scrutiny’ check. After the ‘pre-scrutiny’ step is successful, one needs to click on ‘submit.’ Moreover, upon successfully submitting the form, one can find confirmation for the same on display.

Now, one needs to download the PDF file of Part B. This is essential in order to affix the DSC. Also, it is essential to fill-up other forms along Part B. AGILE-PRO, SPICe+MoA and SPICe+AoA, URC-1 and INC-9 are the forms available with SPICe+. Also, there are linked forms. One can upload these on MCA portal. In order to pay for company incorporation, a Service Request Number is made available. Post successful payouts, processing of the form goes on.

There are certain occasions when one needs to do resubmission of forms due to errors while processing. However, one needs to resubmit the form in the same way on such occasions.

8. Conclusion
The mode of company incorporation has certainly gone smarter and easier in past few years. Primarily, this is said due to the initiatives of the government. Evidently, their goal of a smooth and effective process is gradually becoming a reality. Earlier, it used to be a hectic process requiring months of hustle. However, company incorporation can be easily done in few days through smart utilization of technology. In short, it is fulfilling dreams of many in no time.


Disclaimer:
Important: Please note that the information on this page / site is provided as general information for better understanding for the user and does not constitute tax, legal, or other professional advice and must not be used as such. Please consult your professional adviser(s) if you have any questions / doubts regarding the above.

Related Knowledge

Enhance your knowledge with chakdebiz.com

Subscribe To Our Newsletter

To get the latest news on changes of compliance