Spice+ form (new web form for company incorporation)
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An Overview of SPICe+ Form
SPICe+ Form, which stands for Simplified Proforma for Incorporating Company electronically Plus, is an e-application dealing with the incorporation legalities. In 2020, the Ministry of Corporate Affairs notified and deployed the SPICe+ web form to simplify the company incorporation process by reducing paperwork and easing compliance requirements.
Apart from name reservation and registration, the SPICe+ Form also serves as a single window to apply for different registrations, including GST, EPFO, ESIC, etc. The SPICe+ Form (INC 32) further aims at consolidating various services and forms, making it a one-stop solution for entrepreneurs and businesses looking to establish their companies.
Are you tired of overcoming challenges in the path of company registration? Get FastZeal expert assistance and file the SPICe+ Form with no hurdle.
What is SPICe+ Form MCA?
SPICe+ Form MCA is an online form that compliments the incorporation of a company in India. It is an advanced version of SPICe designed to facilitate the ease of doing business in India (EODB). The SPICe+ web portal is designed to provide around 10 services by three Central Government Ministries and Departments.
The SPICe+ web portal is a tool that streamlines the company incorporation process by combining multiple forms into a single application. The SPICe+ Form is simply an integrated web form having a single window for multiple services. The SPICe+ Form also provides the facility to provide on-screen submission and real-time data validation, replacing old web form SPICe and providing many new things.
Benefits of Filing SPICe+ Form MCA
The benefits of filing a SPICe+ form MCA are as discussed below:
1. Simplified Compliance
The filing of SPICe+ Form MCA, which consolidates multiple registrations into one process, simplifies compliance with formalities.
2. Digitally Signed Documents
The SPICe+ Form MCA generates digitally signed documents, enhancing security and legal validity and streamlining workflows.
3. Easy Integration
The SPICe+ Form MCA ensures easy integration with various government departments, making it easier to complete the incorporation process.
4. Real-Time Data Validation
The filing of SPICe+ Form MCA enables real-time data validation, ensuring accuracy and reducing errors during the company incorporation process.
5. On-Screen Submission
The filing of SPICe+ Form MCA allows users to make an on-screen submission, enabling a seamless and user-friendly process for entering and validating data directly within the web portal.
6. Fast Processing
The filing of SPICe+ Form MCA enables the fast processing of the company incorporation process by consolidating multiple applications into a single submission.
Eligibility Criteria for Filing SPICe+ Company Incorporation Form
The eligibility criteria required for filing a SPICe+ company incorporation form are as discussed below:
Checklist for Filing SPICe+ Company Incorporation Form
1. Compliance with the Companies Act: The applicant filing the SPICe+ company incorporation form must comply with sections 4, 7, 8(1), 12, 152 and 153 of the Companies Act, 2013 concerning the incorporation of the company read with rules made thereunder.
2. File Form INC 32: The applicant seeking incorporation of section 8 company through SPICe+ Form must check whether the company has entered valid details in Form INC 32.
3. Verify Documents: The applicant filing the SPICe+ Form must verify all the documents attached whether all documents are as per requirements, complete and legible.
4. Premises of Proposed Registered Office: The applicant filing the SPICe+ Form must personally hold the premises of the proposed registered office as specified in the form.
5. Generation of Consolidated Challan: The applicant filing the SPICe+ Form must generate a consolidated challan containing applicable fees towards form fees, MoA, AoA, PAN, or TAN.
6. Authorized Capital: The applicant incorporating their company through SPICe+ Form must possess an authorized capital of up to Rs. 1500000, with ‘zero filing fee’ concessions and heavy stamp duty.
7. Prepare eMoA and eAoA: The applicant filing the SPICe+ Form must prepare an eMoA and eAoA in compliance with the provisions of sections 4 and 5 of the Companies Act.
Checklist- Who Can Use SPICe+ Form?
1. Individuals seeking company registration under Section 8 of the Companies Act
2. Registered business entities or owners
3. Foreign nationals or entities registering a company in India
4. Private Limited Company
5. Public Limited Company
6. One Person Company (OPC)
7. Producer Company
Documents Required for Filing Spice+ Form
The following is the list of documents required to serve as a mandatory annexure to the SPICe+ Form:
1. Electronic Memorandum of Association (eMoA)
2. Electronic Articles of Association (eAoA)
3. Declaration by the first director(s) as well as subscriber(s)
4. Proof concerning the office address
5. Copy concerning the utility bills
6. NOC from the owner of the property on which the company premises reside
7. Copy of COI of foreign body corporate (if any)
8. Resolution of the promoter company (if the body corporate's name is a promoter)
9. The interest of first director(s) in other companies
10. Consent of Nominee (INC - 3) (Applicable for OPC)
11. Identifier and residential proof of subscribers, nominee, and applicant
12. Resolution of entities that are yet to be registered in case of Chapter XXI (Part 1) Companies
13. Declaration in Form No. INC - 14 (for Section 8 Company)
14. Declaration in Form No. INC - 15 (for Section 8 Company)
15. Estimate concerning projected annual income and expenditure of the company (Section 8 Company)
Procedure for Filing SPICe+ Company Incorporation Form
The steps defining the procedure for filing SPICe+ company incorporation Form are as discussed below:
1. Create SPICe+ Login Credentials
The applicants are initially required to log on to the MCA portal and create SPICEe+ login credentials for the submission of fresh applications.
2. File SPICe+ Part A
The applicants are further advised to file a new application, SPICe+ Part A, containing fields concerning class, sub-category, and proposed name of the company.
3. File SPICe+ Part B
Once Part A of the SPICe+ form is filed for incorporation of company and the name approval letter, the applicants are advised to file each section of SPICe+ Form Part B concerning basic details related to company incorporation.
4. Other Linked Mandatory Forms
After successfully submitting the SPICe+ Part B form, applicants are advised to file other linked forms, such as eMoA, eAoA, eForm URC-1, and the AGILE PRO S application form, if applicable.
5. Receipt of Certificate of Incorporation
Once the relevant forms are successfully filed and verified, the MCA issues the receipt of Certificate of Incorporation (COI) in Form INC 11, containing details of CIN, PAN, TAN, and date of incorporation.
Compliance with Filing SPICe+ Form
The applicants filing the SPICe+ Form are required to comply with the following requirements as discussed below:1. Accuracy or Completeness of Documents
The applicants must double-check the accuracy or completeness of the documents required for filing a SPICe+ Form.
2. Proposing a Unique Company Name
The applicants must propose and verify a unique company name available before submitting via the MCA portal.
3. Submission of eMoA and eAoA
The applicants must duly submit an Electronic Memorandum of Association (eMoA) and Articles of Association (eAoA) that align with your company's goals.
Key Features of SPICe+ Form MCA
The SPICe+ Form MCA encompasses the following key features, collectively enhancing the experience of company incorporation in India.
1. SPICe+ Form is an integrated web form that modernizes the business setup process.
2. SPICe+ Form is filed for the incorporation of a company.
3. SPICe+ Form MCA offers various services under its dual-structured model, providing for registration under Part A and Part B of the Form.
4. SPICe+ Form MCA offers a flexible submission option, catering to different user preferences.
5. SPICe+ platform is a user-friendly dashboard securing a seamless company incorporation process.
6. SPICe+ platform simplifies the resubmission of any modified application.
7. SPICe+ supports on-screen filing with real-time data validation for reducing errors during company incorporation.
8. SPICe+ Form is organized into various sections that systematically navigate the user data and eliminate confusion during company incorporation.
9. SPICe+ platform conducts all necessary checks and pre-scrutiny validations directly on the web form.
10. SPICe+ Form features an option for auto-generated declarations to be submitted by subscribers and first directors to enhance the company incorporation process.
Services Available in SPICe+ Form
Structure of SPICe+ Form in India
The structure of the SPICe+ Form in India is categorized into two different parts, as outlined below:
|
Feature |
SPICe+ Part A (RUN Web Service) |
SPICe+ Part B (Incorporation Form) |
|
Purpose |
Name reservation of a new company |
Incorporation of a company and mandatory registrations |
|
Also Known As |
RUN (Reserve Unique Name) Web Service |
Incorporation Form |
|
Submission Options |
Can be submitted individually or with Part B |
Submitted only with incorporation application |
|
Required Details |
Type, class, category, industrial activity, proposed/approved name |
Articles of association, capital structure, number of members, address, subscribers |
|
Key Features |
Name search, availability check, and reservation |
DIN, PAN, TAN, GST, EPFO, ESIC, and incorporation details |
|
Name Validity |
20 days from approval by the Central Registration Authority |
Not applicable |
|
Purpose of Submission |
Reserve a unique company name |
Register and incorporate the company |
Key Difference Between SPICe and SPICe+ Form
The key differences between SPICe and SPICe+ Form are as explained below:
Mechanisms Required for SPICe+ Registration
The mechanism (i.e., forms) required for SPICe+ registration, divided into various sections where information can be saved periodically are as outlined below:
1. SPICe+ Part A (RUN Web Service)
2. SPICe+ Part B (Incorporation Form)
3. eMoA (INC-33) and eAoA (INC-34)
4. Form URC-1 (Conversion of Existing Entity into Company)
5. Filing of AGILE PRO (INC-35)
6. Declaration by first Directors and all Subscribers (INC-9)
Why Trust FastZeal for Filing SPICe+ Form MCA?
1. 75% Market Share
We are the industry leader in the compliance segment, with a positive market share of 75%.
2. Simplified Documentation
We at FastZeal simplify the process of filing relevant forms required to incorporate a company in India.
3. Cost-Effective Solutions
We provide transparent and cost-effective solutions that are ideal for starting a company through the filing of SPICe+ Forms in India.
4. Comprehensive Technical Support
We offer comprehensive technical support for filing SPICe+ forms, guaranteeing successful company incorporation.
5. Ease the Incorporation of Section 8 Companies
Our experts at FastZeal streamline the incorporation of section 8 company through SPICe+ Form in India.
6. Efficient and Hassle-Free Incorporation
We at FastZeal, offer comprehensive services streamlining the SPICe+ registration, ensuring efficient and hassle-free business setup in India.
7. Expertise in Regulatory Compliance
With our expertise and experience, we ensure the smooth filing of the SPICe+ form, guaranteeing compliance with necessary MCA regulations.
Frequently Asked Questions:
1. Name Reservation
2. Company Incorporation
3. DIN Allotment
4. Mandatory Filing of PAN & TAN
5. EPFO Registration
6. ESIC Registration
7. Professional Tax Registration
8. Opening of Corporate Bank Account
9. Allotment of GSTIN (if applied for)
1. Upload necessary attachments and web forms such as INC-9, eMoA, eAoA, etc.
2. Pay attention while including the subscribers' details. The margin of error here is next to negligible.
3. Maintain authenticity of the details concerning the subscriber and shares subscribed thereof.
4. Digital sign the documents attached for filing a SPICe+ Form.
1. The Authorized Capital mentioned in e-MoA/MoA should differ from the 6th point of the SPICe+ Form.
2. The subscriber's share listed in the 8th point of the form should be legitimate. However, the face value of the share should not be included as zero.
1. The listed office address and the proof attached thereof must be the same.
2. The proof attached to the form must be in the name of the director/subscriber.
3. The inclusion of an incomplete address in the utility bill is unacceptable.
4. The unavailability of a sale or lease deed can lead to the application's cancellation.
5. The cancellation shall come into effect if the registered office proof reflects that the actual owner does not own the property.
1. NOC/Lease Deed/ Rent Agreement is not attached.
2. The unavailability of the proposed company name in the NOC NOC/Lease Deed/Rent Agreement.
3. The non-submission of the NOC/Lease Deed/ Rent Agreement.
