The Ministry of Corporate Affairs is expected to launch a web-based system for company registration in India with the launch of the Spice Plus form (Spice+) with effect from 1st January 2020. This move is aimed to further the ease of doing business in India and is set to revolutionize the way the companies are registered in India.
The application for incorporation of a company whether it is a private limited company, Public Limited Company, One Person Company, Nidhi Company, Section 8 Company, or Producer Company is filed to MCA at present by way of uploading a pdf form known as Spice Form. The new form which is named Spice Plus or Spice + shall be a replacement for the old system of uploading the pdf file. The substantive procedure governing the incorporation of a company is prescribed under section 3 to 22 in Chapter II of the Companies Act, 2013.
The existing pdf version of the spice 32 form shall be discontinued after the launch of the new web-based Spice Plus Form. The ministry of corporate affairs as a part of its Initiative to Boost Ease of Doing Business (EODB) in India shall be issuing a formal notification shortly. The Spice Plus Web-Based Form would offer various other registration services along with the Registration of Company, the List of all services to be provided by the Spice Plus form is as under
- Name Reservation (Run would be discontinued for Company Registration)
- Allotment of Director Identification Number (DIN)
- Company Incorporation
- Issue of PAN Number for the Company
- Issue of TAN
- Registration of Company as an Employer with EPFO
- ESIC Registration for the Company
- Profession Tax Registration for the State of Maharashtra
- Opening of Bank Account.
- Registration as Tax Payer in GST
However, as a measure of a smooth transition from the old environment of Spice Form-based incorporation to the new web-based Company Registration, for the cases where the name of the proposed company is already approved through RUN, the old Spice Form shall be used. Even for the resubmissions of all previously filed cases shall continue to be filed through Spice Form.