{"id":8086,"date":"2020-02-18T09:41:58","date_gmt":"2020-02-18T09:41:58","guid":{"rendered":"https:\/\/sunkrish.com\/?p=8086"},"modified":"2020-02-24T08:23:48","modified_gmt":"2020-02-24T08:23:48","slug":"key-features-of-spice-for-incorporation-of-new-companies-in-india","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2020\/02\/18\/key-features-of-spice-for-incorporation-of-new-companies-in-india\/","title":{"rendered":"Key features of SPICe+ for Incorporation of New Companies in India"},"content":{"rendered":"<ul>\n<li><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-8087\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/Company-Incorporation-Spice--300x194.jpg\" alt=\"\" width=\"300\" height=\"194\" srcset=\"https:\/\/sunkrish.com\/wp-content\/uploads\/Company-Incorporation-Spice--300x194.jpg 300w, https:\/\/sunkrish.com\/wp-content\/uploads\/Company-Incorporation-Spice--150x97.jpg 150w, https:\/\/sunkrish.com\/wp-content\/uploads\/Company-Incorporation-Spice--600x388.jpg 600w, https:\/\/sunkrish.com\/wp-content\/uploads\/Company-Incorporation-Spice-.jpg 818w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>As part of Government of India\u2019s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs would be shortly notifying &amp; deploying a new Web Form christened \u2018SPICe+\u2019 (pronounced \u2018SPICe Plus\u2019) replacing the existing SPICe form.<\/li>\n<\/ul>\n<p>SPICe+ would save as many procedures, time and cost for Starting a Business in India and would be applicable for all new company incorporation w.e.f 15th February 2020<\/p>\n<p><strong><u>Key Features of Spice+<\/u><\/strong><\/p>\n<ol>\n<li><strong>SPICe+ would be an integrated Web Form<\/strong> i.e. fill form online like GST registration forms. The new web form would Facilitate on-screen filing and real time data validation for seamless incorporation of companies.<\/li>\n<\/ol>\n<ol start=\"2\">\n<li>Information once entered can be saved and modified. All Check form and Pre-scrutiny validations\u00a0 will happen on web form itself.<\/li>\n<\/ol>\n<ol start=\"3\">\n<li>DSC validation and other validations will happen at Upload Level<\/li>\n<\/ol>\n<ol start=\"4\">\n<li>Once the SPICe+ is filled completely with all relevant details, the same would then have to be converted into pdf format, with just a click of the mouse button, for affixing DSCs.<\/li>\n<\/ol>\n<ol start=\"5\">\n<li>Digitally signed applications can then be uploaded along with the linked forms as per the existing process.<\/li>\n<\/ol>\n<ol start=\"6\">\n<li>Changes\/modifications to SPICe+ (even after generating pdf and affixing DSCs), can also be done by editing the same web form<\/li>\n<\/ol>\n<ol start=\"7\">\n<li>Spice+ would have 2 parts:<\/li>\n<\/ol>\n<ol>\n<li>a)\u00a0 \u00a0 \u00a0Part A : for name reservation for new incorporation<\/li>\n<li>b)\u00a0 \u00a0 \u00a0Part B : Part B offering a bouquet of services i.e.<\/li>\n<\/ol>\n<ul>\n<li>Incorporation<\/li>\n<li>DIN allotment<\/li>\n<li>Mandatory issue of PAN \/ TAN<\/li>\n<li>Mandatory issue of EPFO \/ ESIC registration<\/li>\n<li>Mandatory issue of Profession Tax registration (Maharashtra)<\/li>\n<li>Mandatory Opening of Bank Account for the Company<\/li>\n<li>Allotment of GSTIN (if so applied for)<\/li>\n<\/ul>\n<ol start=\"8\">\n<li>Part A can be filed first for reserving name or Part A &amp; B can be filed together at one go.<\/li>\n<\/ol>\n<ol start=\"9\">\n<li>Re submission would be easy, if required.<\/li>\n<\/ol>\n<ol start=\"10\">\n<li><strong>Registration for EPFO and ESIC shall be mandatory<\/strong> for all new companies incorporated w.e.f 15 February 2020 and no EPFO &amp; ESIC registration nos. shall be separately issued by the respective agencies.<\/li>\n<\/ol>\n<ol start=\"11\">\n<li>Registration for Profession Tax shall also be mandatory for all new companies incorporated in the State of Maharashtra w.e.f 15th February 2020.<\/li>\n<\/ol>\n<ol start=\"12\">\n<li>All new companies incorporated <strong>through SPICe+<\/strong> (w.e.f 15th February 2020) would also be mandatorily required to <strong>apply for opening the company\u2019s Bank account<\/strong> through the AGILE-PRO linked web form.<\/li>\n<\/ol>\n<ol start=\"13\">\n<li>Declaration by all Subscribers and first Directors in <strong>INC-9 shall be auto-generated in pdf format <\/strong>and would have to be submitted only in Electronic form in all cases, <em>except <\/em>where:<\/li>\n<\/ol>\n<ul>\n<li>Total number of subscribers and\/or directors is greater than 20 and\/or<\/li>\n<li>Any such subscribers and\/or directors has neither DIN nor PAN<\/li>\n<\/ul>\n<p><a href=\"https:\/\/sunkrish.com\/wp-content\/uploads\/Notification-SPICE.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Notification SPICE+ Form<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of Government of India\u2019s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs would be shortly notifying &amp; deploying a new Web Form christened \u2018SPICe+\u2019 (pronounced \u2018SPICe Plus\u2019) replacing the existing SPICe form. SPICe+ would save &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2020\/02\/18\/key-features-of-spice-for-incorporation-of-new-companies-in-india\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":8087,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[490,15,4,493],"tags":[619,290,297,311,298,482,535,296,484,993],"class_list":["post-8086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-incorporations-e-filing-of-mca-returns","category-corporate-business-advisory-services","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","tag-companies-act-2013","tag-company-incorporation","tag-company-law","tag-corporate","tag-ease-of-doing-business","tag-epfo","tag-goods-and-services-tax-gst","tag-ministry-of-corporate-affairs-mca","tag-permanent-account-number-pan","tag-spice"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/8086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=8086"}],"version-history":[{"count":5,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/8086\/revisions"}],"predecessor-version":[{"id":8114,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/8086\/revisions\/8114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/8087"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=8086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=8086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=8086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}