{"id":13551,"date":"2020-07-24T16:55:00","date_gmt":"2020-07-24T11:25:00","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=13551"},"modified":"2022-11-16T15:59:56","modified_gmt":"2022-11-16T10:29:56","slug":"technical-guide-on-incorporation-of-companies-by-spice-plus-icai","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/technical-guide-on-incorporation-of-companies-by-spice-plus-icai\/","title":{"rendered":"Technical Guide on Incorporation of Companies by SPICE+: ICAI"},"content":{"rendered":"\n<p class=\"has-drop-cap\">In place\nof Spice form, Spice+ is a new web-based form. MCA has deployed new web-based\nform spice+ and other registration along with the form to make the company\nincorporation procedure easier. <\/p>\n\n\n\n<p>A company can apply for EPFO\/ESI, GST numbers with this \u2018single window form.\u2019 It is compulsory for all the companies as per the directives of the ministry of corporate affairs to issue TAN, PAN, ESIC, Opening of Bank Account EPFO, and Profession Tax (Maharashtra).<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/technical-guide-on-incorporation-of-companies-by-spice-plus-icai\/#What_is_the_Technical_Guide_on_the_Incorporation_of_Companies\" >What is the Technical Guide on\nthe Incorporation of Companies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/technical-guide-on-incorporation-of-companies-by-spice-plus-icai\/#Types_of_Companies_can_be_incorporated_Using_SPICe_Form\" >Types of Companies can be\nincorporated Using SPICe+ Form.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/technical-guide-on-incorporation-of-companies-by-spice-plus-icai\/#ICAI_Guidance_on_Procedural_Aspect\" >ICAI Guidance on Procedural\nAspect<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/technical-guide-on-incorporation-of-companies-by-spice-plus-icai\/#Conclusion\" >Conclusion&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Technical_Guide_on_the_Incorporation_of_Companies\"><\/span>What is the Technical Guide on\nthe Incorporation of Companies?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At present, through an integrated Web form called SPIC Plus, the Institute of Chartered Accountants of India (ICAI) has allotted a technical guide on Easy Incorporation of Companies. This is a quick guide facilitating the Incorporation of a company for chartered accountants. Moreover, all procedural formalities are provided along with required inputs of law. As a result of this, it is advisable to read provisions of law for elaborate understanding. Reference of section\/rule is provided for arranged reference.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Understanding of Law<\/h3>\n\n\n\n<p>Producer\nCompany is constituted for the advantage of farmers, and a public limited\ncompany is incorporated for running large business undertakings. These\ncompanies call for the sake of brevity and a deeper understanding of the law. Moreover,\nthe procedures for incorporating these categories of companies have been\ndistributed. Therefore, the attention is on the Incorporation of the Company in\nmost of the aspect.<\/p>\n\n\n\n<p>If a client has approaches a chartered accountant to make the needed decision to incorporate a Company, then this Blogs will be his left hand for reaching the goal post to achieving \u2018<a href=\"https:\/\/corpbiz.io\/company-registration\"><strong>company incorporation<\/strong><\/a>.&#8217; Objectifying with the Ease of Doing business and overall objective of reducing the cost of compliances in India, several reforms have been brought out by the Ministry of Corporate Affairs, Government of India, since the enactment of the&#8217; <strong>Companies Act, 2013<\/strong><sup><a class=\"text-primary\" href=\"https:\/\/en.wikipedia.org\/wiki\/Companies_Act_2013\"><strong>[1]<\/strong><\/a><\/sup>&#8216;.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">SPICe+ Form- (eForm-32)<\/h3>\n\n\n\n<p>The MCA\n(Ministry of Corporate Affairs) has brought in advanced integrated form <strong>SPICe+ (eForm-32)<\/strong> as a part of PM\u2019s\ninitiative of Ease of continuing Business. It enables the user\u2019s ease in\ncompany incorporation. Therefore, SPICe+ is an integrated Web form that\nproposes ten services by three Central Government Ministries &amp; Branches.\nState Government (Maharashtra), Ministry of Labour &amp; Department of Revenue,\nMinistry of Finance, and Ministry of Corporate Affairs are saving as many\ntimes, procedures, and costs for Starting a Business\/Company in India.<\/p>\n\n\n\n<p>SPICe+ has made the Incorporation of companies straightforward and simple, which is part of various commitments and initiatives of the Government of India towards EODB.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Types_of_Companies_can_be_incorporated_Using_SPICe_Form\"><\/span>Types of Companies can be\nincorporated Using SPICe+ Form.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The following types of companies in India can be incorporated Using <a href=\"https:\/\/corpbiz.io\/learning\/new-spice-plus-form-launched-by-mca\/\"><strong>SPICe Plus Form<\/strong><\/a>. Those are as follows:-<\/p>\n\n\n\n<ul><li><strong>Part I Company Producer company<\/strong>&nbsp;<\/li><\/ul>\n\n\n\n<p>It will be\napplicable if two agricultural corporations are promoters. The normal\nincorporation process must be followed if there are a minimum of 10 promoters\nas appropriate for individuals.<\/p>\n\n\n\n<ul><li><strong>Section 8 Company<\/strong>&nbsp;(It was not offered in INC-29)<\/li><li><strong>New Company \u2013 Private Company or Public Company or One Person Company<\/strong><\/li><\/ul>\n\n\n\n<p>DINs gets allotted to those proposed Directors who do not hold DIN and PAN, TAN, PF, which is also known as the fact that the eForm-32 has other added benefits. Along with Incorporation as a single procedure, ESIC registration can also be obtained. The aptitude is available for synchronized allotment of the opening of the Bank account and GST number.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/extensions-for-resubmission-of-forms-and-for-reserved-names\/\">\nMCA: Extensions for Resubmission of Forms and for Reserved Names\n<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ICAI_Guidance_on_Procedural_Aspect\"><\/span>ICAI Guidance on Procedural\nAspect<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The ICAI (Institute of Chartered Accountants of India) through its Corporate Laws &amp; Corporate Governance Committee (CL&amp;CGC) and keeping in view the importance of this initiative of the Government has released the \u201c<strong>Technical Guide on Incorporation of Companies through SPICE+<\/strong>.\u201d It is to provide comprehensive guidance on the procedural aspects of this integrated form for the benefit of all the stakeholders and other members.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What does this guide include?<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"662\" height=\"462\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/07\/image-114.png\" alt=\"Incorporation of Companies through SPICE+\" class=\"wp-image-13553\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/07\/image-114.png 662w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/07\/image-114-300x209.png 300w\" sizes=\"(max-width: 662px) 100vw, 662px\" \/><\/figure><\/div>\n\n\n\n<p>This guide\nincludes detailed about various questions and formats, which are as follows:-<\/p>\n\n\n\n<ul><li>What is a company?<\/li><li>What are the types of companies?<\/li><li>What is the process of the formation of a Company?&nbsp;<\/li><li>Incorporation of Company and Matters,&nbsp;<\/li><li>Incidental, Requirements of Memorandum of Association, Articles of Association and Requirements in case of Foreign Subscriber,&nbsp;<\/li><li>Requirements of Memorandum of Association (MOA),&nbsp;<\/li><li>Provisions of <a href=\"https:\/\/corpbiz.io\/learning\/alteration-in-article-of-association\/\"><strong>Articles of Association<\/strong><\/a> (AOA), Foreign Subscriber, etc.<\/li><\/ul>\n\n\n\n<p>It also addresses what Spice Plus and a few related queries, which are as follows:-<\/p>\n\n\n\n<ul><li>Features of Spice Plus,&nbsp;<\/li><li>Procedure for filing of SPICe+<\/li><li>Detailed explanation of steps to be taken for Incorporation starting      from, STEP 1 &#8211; SPICe+ Login + STEP 2 &#8211; SPICe+ Dashboard + STEP 3 &#8211; SPICe+ Part A to the STEP 4 &#8211; SPICe+ Part B.<\/li><\/ul>\n\n\n\n<p>This guide serves the guidance on various requirements on checklist and need for documentation, which are as follows:-<\/p>\n\n\n\n<ul><li>Checklist for Certification of INC 32, Reports and certificates for\n     Special Purposes,&nbsp;<\/li><li>Unique Document Identification Number (UDIN),&nbsp;<\/li><li>Linked forms with SPICe +,&nbsp;<\/li><li>AGILE- PRO \u2013 Web form layout, eMOA \/ eAOA \u2013 Web form layout,\n     Uploading of SPICe+ e-form.<\/li><\/ul>\n\n\n\n<p>This guide also describes what to be taken care of while registering your companies, which are as follows:-<\/p>\n\n\n\n<ul><li>Effect of Registration<\/li><li>Linked forms to be filed along with SPICe+,&nbsp;<\/li><li>Steps to be taken Post incorporation by the Company, stuff related\n     to Registered Office,&nbsp;<\/li><li>Features of name to be affixed at the Registered Office,<\/li><li>Essential FAQs on Incorporation &amp; Allied,<\/li><li> Matters incorporating the FAQs issued by the Ministry of Corporate Affairs. <\/li><\/ul>\n\n\n\n<div class=\"shadow1\"><strong>Note:<\/strong>&nbsp;Kindly go through \u201cTechnical Guide on Incorporation of Companies through SPICE+\u201d and get an excellent idea of the super easy process of Incorporating your Company!<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you\nwould like more applicable information or thorough assistance as per your\nrequirements formulated in the \u201cTechnical Guide on Incorporation of Companies\nthrough SPICE+,\u201d please connect with our Corpbiz legal Professionals.&nbsp;<\/p>\n\n\n\n<p>Our <a href=\"https:\/\/corpbiz.io\/\"><strong>Corpbiz Advisors<\/strong><\/a> will be at your disposal if you want expert guidance on any aspect of Company Registration and any upcoming compliance. We will support you to ensure full compliances as per your business, safeguarding the fruitful and well-timed accomplishment of your requirement.<\/p>\n\n\n<a href=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/07\/60342clcgc49153.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">60342clcgc49153<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In place of Spice form, Spice+ is a new web-based form. MCA has deployed new web-based form spice+ and other registration along with the form to make the company incorporation procedure easier. A company can apply for EPFO\/ESI, GST numbers with this \u2018single window form.\u2019 It is compulsory for all the companies as per the [&hellip;]<\/p>\n","protected":false},"author":20,"featured_media":13665,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[794],"acf":{"service_id":"1"},"authorName":"Archita Bhattacharjee","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/03\/WhatsApp-Image-2020-03-18-at-11.26.19-AM-1.jpeg","authorDescription":"Archita Bhattacharjee is working as Legal Analyst (Team Lead, Research &amp; Development) at Corpbiz and has proving experience about 2 years as Corporate Legal Researcher in law firms as well as Rajya Sabha and authors in diverse publications. She has refined her skills by representing India in Paris, France and the University of Leiden over implications of International Humanitarian and Criminal Law being certified member of many Legal Centers.","postViews":7865,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/13551"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=13551"}],"version-history":[{"count":23,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/13551\/revisions"}],"predecessor-version":[{"id":50780,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/13551\/revisions\/50780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/13665"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=13551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=13551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=13551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}