NEW ONLINE FORM FOR COMPANY INCORPORATION – SPICe

Posted By on October 5, 2016

The Ministry of Corporate Affairs has taken another bold initiative in Government Process Re-engineering (GPR) and launched Simplified Proforma for Incorporating Company Electronically (SPICe) e-Form, on the occasion of Gandhi Jayanthi 2016, with the specific objective of providing speedy incorporation related services within stipulated time frames which are in line with international best practice.

SPICe‚Äôs USP is as follows: –

1. Simplified and completely Digital form for Company Incorporation

2. Standard format of e-Memorandum of Association as per Companies Act, 2013

3. Standard format of e-Articles of Association as per Companies Act, 2013

4. Memorandum and Articles will now be filed as linked e-forms (except for Section 8 companies)

5. Provision to apply for Company Incorporation with a preapproved Company Name

6. Mandatory DSCs of Subscribers and Witnesses (max 7+1) in SPICe MOA and SPICe AOA

7. Back Office productivity gains due to faster review of e-MOA and e-AOA by approving authories

Existing INC-29 and INC-7 will be phased out and SPICe will be the Sole, Simplified & Versatile form available for incorporation of a company in India

Leave a Reply

Your email address will not be published. Required fields are marked *

DISCLAIMER

The Views expressed on this blog are strictly personal and for knowledge of our clients only. The contents of this blog are solely for informational purpose and it does not constitute any professional advice or recommendation. The laws related to GST and other taxes are under evolution and subject to constant changes and amendments over time. It is suggested to take specific legal advice and necessary due diligence before relying on the contents and information of this Blog. The authors of this blog, does not accept any liabilities for any loss or damage of any kind arising out of information on this blog and for any actions taken in reliance thereon.