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spice+

SPICe+

SPICe+ to offer 10 services by 3 Central Government Ministries/ Departments in a single web foRUM

As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs has notified a new Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus’) replacing the existing SPICe form. SPICe+ would offer 10 services by 3 Central Govt Ministries & Departments (Ministry of Corporate Affairs, Ministry of Labour & Department of Revenue in the Ministry of Finance) and One State Government (Maharashtra), thereby saving as many procedures, time and cost for Starting a Business in India and would be applicable for all new company incorporations.

The new web form would facilitate On-screen filing and real time data validation for seamless incorporation of companies.

SPICe+

       ·         SPICe+ would have two parts viz.: Part A-for Name reservation for new companies and Part Boffering a bouquet of services viz.

(i)                 Incorporation

(ii)               DIN allotment

(iii)             Mandatory issue of PAN

(iv)              Mandatory issue of TAN

(v)                Mandatory issue of EPFO registration

(vi)              Mandatory issue of ESIC registration

(vii)            Mandatory issue of Profession Tax registration(Maharashtra)

(viii)          Mandatory Opening of Bank Account for the Company and

(ix)              Allotment of GSTIN (if so applied for)

·           The new web form would facilitate On-screen filing and real time data validation for seamless incorporation of companies.

About SPICe

Government had launched any Simplified Proforma for Incorporating Company Electronically (SPICE) e-Form for providing speedy incorporation in line with international best practices

The Ministry of Corporate Affairs had notified a new e-form called Simplified Proforma for Incorporating Company Electronically (SPICe), on the occasion of 2nd October 2016, with the objective of providing speedy incorporation in line with international best practices.

Important Topics Prelims 2020

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