Role of SPICe+ Form in Fast-Track Company Registration

Starting a company in India requires completing several legal formalities. The Ministry of Corporate Affairs has made the process faster with the SPICe+ form. It means Simplified Proforma for Incorporating Company Electronically Plus. This form combines multiple services into a single application. This helps businesses to avoid delays and unnecessary paperwork. SPICe+ plays a major role in enabling fast-track company registration through a streamlined, digital, and user-friendly process that saves both time and effort. In this blog, you will learn about the role of the SPICe+ form in Fast-Track Company Registration.

What is the SPICe+ Form?

The SPICe+ form stands for Simplified Proforma for Incorporating Company Electronically Plus. It is a digital initiative introduced by the Ministry of Corporate Affairs to simplify the process of company registration in India. It offers a more advanced and paperless experience. The form is completely web-based and combines services from the MCA, Finance, and Labour ministries. It includes two parts—Part A is used for reserving the company name, and Part B allows company incorporation along with applications for DIN, PAN, TAN, GST, ESIC, EPFO, professional tax, and bank account setup.

Key Features of SPICe+ Form

Here are the key features of the SPICe+ Form in India:

1. Integrated Multi-Service Platform

SPICe+ is a single online form that combines various services offered under different ministries. It allows company founders to apply for incorporation, PAN, TAN, GSTIN, EPFO, ESIC, Professional Tax (Maharashtra), and even open a bank account. This eliminates the need to visit different government departments separately.

2. Two-Part Web-Based Structure

SPICe+ includes two connected sections:

• Part A helps reserve a unique name for the company.
• Part B includes the main incorporation application and allows access to related services like statutory registrations. Both parts work within the same web interface and support auto-fill features that reduce manual effort.

3. e-MoA and e-AoA Integration

The form provides electronic formats of the Memorandum of Association (MoA) and Articles of Association (AoA). Users can generate these documents directly through the system. This ensures that the company’s charter documents match the latest format approved under law.

4. On-Screen Validation and Dashboard Tracking

SPICe+ shows real-time validation messages while the user fills the form. It displays alerts for missing or incorrect details. Once submitted, the user can view the application’s progress on the dashboard. The system generates Service Request Numbers (SRNs) for tracking and future reference.

5. AGILE PRO Integration

SPICe+ includes the AGILE PRO form. This part covers essential tax and labour registrations. It allows the applicant to apply for GSTIN, EPFO, ESIC, and Professional Tax in one go. The form also links to selected banks to open a current account for the company.

6. Stamp Duty Payment Facility

The form includes an option to pay stamp duty online. This feature removes the need to visit the sub-registrar's office or submit physical documents. The system calculates the exact fee based on the registered office state and capital contribution.

7. Digital Signature Certificate (DSC) Validation

SPICe+ accepts only digitally signed forms. Directors and professionals must attach valid DSCs before submission. This step ensures that the documents carry legal authenticity and remain secure during the process.

8. Ease of Doing Business Compliance

SPICe+ supports the central government’s Ease of Doing Business initiative. It makes company registration quicker and more transparent. It saves time, reduces paperwork, and ensures smooth communication between applicants and regulatory authorities.

How SPICe+ Enables Fast-Track Registration?

Here are the key reasons why SPICe+ enables fast-track company registration:

1. Single-Window Clearance

SPICe+ combines multiple registrations in one online application. It includes name approval, Director Identification Number (DIN), company incorporation, Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN), Goods and Services Tax Identification Number (GSTIN), Employee Provident Fund (EPFO), Employee State Insurance (ESIC), professional tax (in select states), and bank account setup. The applicant completes all tasks in one go, which reduces time and manual errors.

2. Real-Time Validation

The system shows alerts if any field remains blank or contains incorrect information. This helps the user correct mistakes before submitting the form. It reduces the chances of rejection and avoids the need to submit the form again.

3. Integrated Dashboard and SRN Tracking

After submission, the system generates a Service Request Number (SRN). The applicant can view the status of the application using the dashboard. The dashboard shows if the form is pending, approved, or needs correction. This gives clarity and saves time during follow-ups.

4. Instant Allotment of Approvals

Once the form receives approval, the applicant receives the Certificate of Incorporation, DINs, PAN, TAN, GSTIN, EPFO, and ESIC credentials automatically. These details reach the registered email and remain available for download. This avoids the delay that occurs in manual processing.

5. Simplification of the Earlier Process

Before SPICe+, applicants submitted separate forms for name reservation, DIN, incorporation, and statutory registrations. This increased the number of steps and extended the registration timeline. SPICe+ replaces these separate forms with one web-based form and speeds up the process.

6. Digital Signature and Online Stamp Duty

SPICe+ accepts only digitally signed forms. This ensures that only authorised directors or professionals complete the registration. The form also allows stamp duty payment through the MCA portal. The system calculates the duty amount based on the state and capital declared.

Documents Required for SPICe+ Filing

Listed below are the documents required for SPICe+ Filing:

1. e MoA (INC 33) and e AoA (INC 34)
2. INC 9 Declaration is a signed consent from the first directors and subscribers
3. Proof of Registered Office

• Utility bill (electricity, water, phone) not older than 2 months
• No-Objection Certificate (NOC) from the premises owner

4. Director/Subscriber Identity & Address Proof

• PAN card mandatory
• Passport, voter ID, or driving license
• Utility bill or bank statement (within 2 months)

5. Registered Office Resolution is required when a corporate body acts as a subscriber
6. Subscriber/Director Interest Declaration
7. Nominee Consent & Proof  in case of One Person Company (INC 3)
8. Foreign Subscriber Documents: apostilled/notarised ID, CoI of the foreign company, or residence proof

Procedures of Fast-Track Company Registration Using SPICe+

Here is a step-by-step process of Fast-Track company registration using SPICe+:

Step 1: Obtain Digital Signature Certificates (DSC)

Each proposed director and professional must use a Digital Signature Certificate. The Ministry of Corporate Affairs accepts only digitally signed forms. A DSC ensures that the signatory holds legal authority and helps secure the online submission.

Step 2: File Part A – Name Reservation

The applicant enters two name choices for the company in Part A of SPICe+. This section works through the Reserve Unique Name (RUN) service. The system verifies whether the proposed name is available for registration. Once approved, the name remains valid for 20 days.

Step 3: Complete Part B – Company Incorporation and Linked Registrations

Part B collects detailed information such as company type, business activity, address, capital amount, and director details. This part also activates linked forms:

• INC 33 for the electronic Memorandum of Association (e MoA)
• INC 34 for the electronic Articles of Association (eAoA)
• INC 9 for a declaration from directors and subscribers
• AGILE PRO for PAN, TAN, GSTIN, EPFO, ESIC, professional tax (if applicable), and bank account registration

Step 4: Attach Documents and Sign the Forms

The applicant downloads the filled SPICe+ forms in PDF format. Then, the applicant attaches the required documents such as identity proof, address proof, utility bills, and NOC from the property owner. The applicant applies the DSC to each relevant section before uploading.

Step 5: Make Fee Payment and Submit Application

After uploading the forms, the system calculates government fees. This includes stamp duty and other charges based on the state and capital. The applicant completes the payment using the MCA portal. The system then generates a Service Request Number (SRN) for tracking purposes.

Step 6: Track Status and Respond to Queries

The applicant checks the application status through the MCA dashboard. If the portal shows any error or missing information, the applicant receives a notification. The applicant can make corrections and resubmit the form. The system allows up to two resubmissions.

Step 7: Receive Incorporation and Other Registrations

Once approved, the applicant receives the Certificate of Incorporation. The system also generates PAN, TAN, GSTIN, EPFO, and ESIC details automatically. All credentials are sent through email and become available for download from the MCA portal.

Step 8: Fulfil Post-Incorporation Compliance

After incorporation, the company opens a current bank account using the selected bank from the AGILE PRO form. The company must also file Form INC 20A (declaration of commencement of business) within 180 days from the date of incorporation.

Benefits of SPICe+ for Fast-Track Registration

Here are the key benefits of SPICe+ for Fast-Track Registration:

1. Single Online Form for Multiple Services

SPICe+ offers one integrated form that covers company incorporation, name reservation, DIN allotment, PAN, TAN, GSTIN, EPFO, ESIC, professional tax, and bank account opening. It removes the need to file separate applications across different departments. This single-window system reduces effort, time, and errors.

2. Quicker Company Incorporation

SPICe+ uses real-time data validation and digital signatures. This ensures that all details are checked instantly. It avoids delays caused due to manual review or separate document uploads. A new company can complete registration in one or two working days if the documents are in order.

3. Instant Allotment of DIN

SPICe+ allows the allotment of up to three Director Identification Numbers (DIN) in the same application. Applicants do not need to submit separate DIN forms. This helps new directors receive their DIN automatically with incorporation.

4. Built-in Name Reservation in Part A

SPICe+ Part A includes the name reservation facility. The system checks for availability and allows the user to choose a company name. Once the name is approved, it directly links with incorporation in Part B. This removes the need for the old RUN service.

5. Automatic PAN and TAN Generation

The PAN and TAN of the company are generated automatically after the certificate of incorporation is issued. The Income Tax Department sends them in digital format. This removes the need to file separate applications with the IT portal.

6. Mandatory Profession Tax Registration for Select States

Companies that register in states like Maharashtra, Karnataka, and West Bengal receive automatic professional tax registration. The SPICe+ form detects the state and includes the relevant fields. This ensures legal compliance from the start.

7. Easy Bank Account Setup through AGILE-PRO

The AGILE-PRO form within SPICe+ collects the necessary data to open a bank account. After incorporation, the bank contacts the applicant to complete the process. This ensures the company has a ready account to operate its business immediately.

8. e-MoA and e-AoA Auto Integration

SPICe+ automatically links the electronic Memorandum of Association (e-MoA) and Articles of Association (e-AoA) with incorporation details. The system auto-fills the company name, type, and other basic information. Applicants only need to select the clauses and confirm.

9. Smart Dashboard with Pre-filled Data

The MCA portal provides a user dashboard to access SPICe+ drafts, track status, and download certificates. The system pre-fills linked forms and saves all progress. Users do not need to re-enter data in every section.

10. Direct EPFO and ESIC Registration

Once the company is incorporated, it receives EPFO and ESIC registration numbers without additional steps. The form collects required employer data in AGILE-PRO. This ensures readiness to comply with labour laws and employee benefits from day one.

Conclusion

SPICe+ proves to be a breakthrough in making company registration faster and more efficient in India. It combines multiple services into one digital form, which saves both time and effort for new businesses. The procedure is made easier, faster, and more transparent. Entrepreneurs no longer deal with separate applications or long delays. Choosing SPICe+ with expert support gives new businesses a smooth start. This helps them to focus on growth rather than paperwork delays. If you want to do any type of company registration, contact Online Legal India to get assistance.