{"id":50823,"date":"2022-11-18T12:57:14","date_gmt":"2022-11-18T07:27:14","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=50823"},"modified":"2024-06-18T11:28:15","modified_gmt":"2024-06-18T05:58:15","slug":"spice-plus-form-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/spice-plus-form-everything-you-need-to-know\/","title":{"rendered":"SPICe+ Form: Everything You Need to Know"},"content":{"rendered":"\n<p>The Ministry of Corporate Affairs (MCA) released the SPICe+ form in\nan attempt to simplify the incorporation legalities. Ever since its launch,\nthousands of startups have been registered in a speedier and hassle-free\nmanner. SPICe+ primarily caters to the incorporation requirements of entities\nintending to fall under the Companies Act 2013. Here\u2019s everything you need to\nknow about this e-form. <\/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\/spice-plus-form-everything-you-need-to-know\/#What_is_a_SPICe_e-form\" >What is a SPICe+ e-form?<\/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\/spice-plus-form-everything-you-need-to-know\/#Salient_Features_of_SPICe_Form\" >Salient Features of SPICe+\nForm<\/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\/spice-plus-form-everything-you-need-to-know\/#Details_to_be_provided_in_SPICe_form\" >Details to be provided in SPICe+ form<\/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\/spice-plus-form-everything-you-need-to-know\/#Key_inclusions_of_SPICe_forms\" >Key inclusions of SPICe+ forms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/spice-plus-form-everything-you-need-to-know\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_a_SPICe_e-form\"><\/span><strong>What is a SPICe+ e-form? <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>SPICe+<\/strong> is a digitised version of the conventional incorporation form that came into existence in February 2020. It entails two mandatory parts viz <strong><em>Part A &amp; Part B<\/em><\/strong>. Part A facilitates name approval services to the applicant. For name authentication, an applicant can fill in up to two proposed names. If the name comes out to be a conflict or invalid as per the MCA database, the authority shall repeal the request. In such a case, the applicant requires to refill the form without furnishing any additional fees. <\/p>\n\n\n\n<p><strong><em>Coming to Part B, it offers an assortment of services, as shown\nbelow:<\/em><\/strong><\/p>\n\n\n\n<ul>\n<li>Application concerning DIN\nallotment <\/li>\n\n\n\n<li>Application concerning EPFO\nregistration<\/li>\n\n\n\n<li>Application relating to PAN and\nTAN<\/li>\n\n\n\n<li>Application concerning\nProfessional tax registration<\/li>\n\n\n\n<li>Application relating to ESIC\nregistration<\/li>\n\n\n\n<li>Application for current bank\naccount opening <\/li>\n\n\n\n<li>Allotment of GSTIN, if required\nby the applicant.<\/li>\n\n\n\n<li>Application regarding\nprofessional tax registration <\/li>\n<\/ul>\n\n\n\n<p>The new SPICe+ form provides data authentication in real time for a\nhassle-free and speedy process. The details furnished in Part A and Part B will\nbe auto-filed in the linked form, such as <strong><em>INC-9, Agile-Pro, eAOA, eMOA, and URC-1<\/em><\/strong>.&nbsp; <\/p>\n\n\n\n<p>However, SPICe+ is yet to provide the facility that enables\napplicants to enclose their e-signature without downloading these forms. The\nsame is true for e-form INC-32 required to be e-signed by the professional. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Salient_Features_of_SPICe_Form\"><\/span><strong>Salient Features of SPICe+\nForm<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following are some features of SPICe+ Form:<\/p>\n\n\n\n<ul>\n<li>Speedier processing- thanks to\nreal-time validation of entries filed by the applicant <\/li>\n\n\n\n<li>Easy to comprehend and fill <\/li>\n\n\n\n<li>Endorses applications\nconcerning the allotment of DIN, EPFO, PAN, TAN, ESIC<\/li>\n\n\n\n<li>Filling out different forms is\nnot a requirement anymore, courtesy of integrated applications. <\/li>\n\n\n\n<li>Check name availability for\ntrademark disputes in real-time <\/li>\n\n\n\n<li>Availability of auto-fill\nfeatures, making filing faster than ever. <\/li>\n\n\n\n<li>Flagged filing errors in\nreal-time, thereby ensuring seamless completion of the filing requirement.<\/li>\n\n\n\n<li>Mitigates the requirement of\nmanual signature, which otherwise was the mandate in the manual filing system. <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Details_to_be_provided_in_SPICe_form\"><\/span><strong>Details to be provided in SPICe+ form <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li>Type, category, and class of the proposed company<\/li>\n\n\n\n<li>Company\u2019s structure (AoA, details concerning authorised and subscribed share capital, and information about the members) <\/li>\n\n\n\n<li> Company\u2019s address (it should be the principal place of business) <\/li>\n\n\n\n<li>Details concerning subscribers and directors<\/li>\n\n\n\n<li>Particulars relating to <strong><a class=\"text-primary\" href=\"https:\/\/corpbiz.io\/one-person-company\">One Person Company<\/a><\/strong> nomination (Nomination, nominee\u2019s details)<\/li>\n\n\n\n<li>Details relating to the stamp duty payment<\/li>\n\n\n\n<li>Information concerning PAN or TAN<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_inclusions_of_SPICe_forms\"><\/span><strong>Key inclusions of SPICe+ forms <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Here are key inclusions of SPICe+ forms that are mandatory for\ncompleting incorporation formalities: <\/p>\n\n\n\n<ul>\n<li>Memorandum of Association (MoA)<\/li>\n\n\n\n<li>Articles of Association (AoA)<\/li>\n\n\n\n<li>Declaration to be accorded by\nthe first director(s) &amp; subscriber(s) (Affidavit not required)<\/li>\n\n\n\n<li>Proof concerning the office\naddress<\/li>\n\n\n\n<li>Copy of utility bills such as\nelectricity bills, water bills, and gas bills. <\/li>\n\n\n\n<li>Copy of incorporation\ncertificate relating to foreign body corporate <\/li>\n\n\n\n<li>The resolution approved by the\npromoter company<\/li>\n\n\n\n<li>The first director\u2019s interest\nin the other companies<\/li>\n\n\n\n<li>Consent of Nominee (INC\u20133)<\/li>\n\n\n\n<li>Proof relating to the\nsubscribers\u2019 residential address<\/li>\n\n\n\n<li>Identification proof and\nresidential address concerning the nominee<\/li>\n\n\n\n<li>Identification proof and\naddress concerning the applicant <\/li>\n\n\n\n<li>Resolution of unregistered\nentities in the case of chapter XXI (Part 1) Companies<\/li>\n\n\n\n<li>Declaration to be provided via\nForm No. INC \u2013 14<\/li>\n\n\n\n<li>Declaration to be provided via\nForm No. INC \u2013 15<\/li>\n\n\n\n<li>Optional attachments (if any)<\/li>\n\n\n\n<li>Attachments \u2013 Part A<\/li>\n<\/ul>\n\n\n\n<p><strong>For AGILE-PRO:<\/strong><\/p>\n\n\n\n<ul>\n<li>Proof relating to the principal\nplace of business<\/li>\n\n\n\n<li>Proof relating to the\nappointment of an Authorised Signatory for GSTIN such as a Letter of\nAuthorisation\/Managing Committee and Acceptance Letter\/Copy of Resolution\npassed by BOD<\/li>\n\n\n\n<li>Proof concerning the authorised\nsignatory&#8217;s identification for opening a bank account. <\/li>\n\n\n\n<li>Specimen signature concerning\nAuthorised Signatory for EPFO<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The advent of SPICe+ form has come as a great relief for imminent businesses intending to fall under the Companies Act 2013. It not only simplifies the incorporation legalities but also proves to be a time-saver for the new entities. The e-form has mitigated the requirement of countless paperwork and compliances. It is worth noting that this form serves new\/unregistered companies only. <\/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\/new-spice-plus-form-launched-by-mca\/\">Launch of Spice Plus Form by Ministry of Corporate Affairs<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Corporate Affairs (MCA) released the SPICe+ form in an attempt to simplify the incorporation legalities. Ever since its launch, thousands of startups have been registered in a speedier and hassle-free manner. SPICe+ primarily caters to the incorporation requirements of entities intending to fall under the Companies Act 2013. Here\u2019s everything you need [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":50824,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[2874],"acf":{"service_id":"1"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":5716,"readingTime":3,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/50823"}],"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\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=50823"}],"version-history":[{"count":3,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/50823\/revisions"}],"predecessor-version":[{"id":64837,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/50823\/revisions\/64837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/50824"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=50823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=50823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=50823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}