Ways to Register Your Business Fast by SPICe+ Form

In the heart of India’s thriving business landscape, the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form procedure has become a key part of company registration. The days of dealing with piles of paperwork and long waits are over—SPICe+ has turned these old tasks into a smooth digital process. For entrepreneurs and small businesses, this form is more than just paperwork—it’s the start of turning ideas into reality. SPICe+ makes starting a business easier, faster, and more in line with how quickly the world moves today. In this blog, you will learn about the SPICe+ form procedure, its eligibility criteria, and more.

What is the SPICe+ Form?

SPICE+ Stands for Simplified Proforma for Incorporating Company electronically Plus. It is a single digital form that makes registering a company in India easier and faster. It is designed to cut down paperwork and make the whole process easier for new businesses.

Before SPICe+, there was SPICe. The old SPICe form was useful, but it had limits. SPICe+ was created to add more features and make the process even smoother. This new form helps businesses get many registrations at once, like PAN, TAN, GST, EPFO, and ESIC, all in a single application.

Who Can Apply for the SPICe+ Form?

SPICe+ is applicable for incorporating the types of companies listed below:

• Private Limited Company
• Public Limited Company
• One Person Company (OPC)
• Producer Company
• Section 8 Company (Non-profit companies)
• Part I Company (Companies incorporated under the Companies Act, 2013)
• New Company (Others) (Other types of companies not specified above)

SPICe+ Form Procedure

Listed below are procedures for the SPICe+ form:

Step 1: Name Reservation

Access the MCA portal and use the RUN (Reserve Unique Name) service to propose the company name. If approved, the Service Request Number (SRN) must be entered in the SPICe+ form. The entity type and relevant details auto-fill based on the SRN to maintain data accuracy.

Step 2: Company Type and Classification

Select the type of company, such as Private, Public, or One Person Company, and indicate if the company has share capital. When converting from an LLP, provide the LLPIN. Choose the class, category, and sub-category of the company according to the prescribed options.

Step 3: Industrial Activity and Article Entrenchment

Enter the main division of industrial activity as per the classification in Annexure A. If the company incorporates article entrenchment, provide the relevant article number in the form.

Step 4: Correspondence Address

Provide the company’s mailing address and a valid email ID for official communication. Specify if this address will be used as the registered office. If so, attach valid address proof and recent utility bills (within two months). If the address is not the registered office, establish it within 15 days after company incorporation and inform the ROC within 30 days. Select the ROC office based on the mentioned state.

Step 5: Proposed Company Name

Enter the approved name of the company. If the name is already reserved through RUN, the field auto-fills using the SRN, ensuring consistency in data entry.

Step 6: Subscriber and Director Information

Provide details of the first subscribers, clearly indicating whether they have a DIN (Director Identification Number). Mention the total number of proposed directors, including any subscriber also acting as a director. If a director does not have a DIN, apply for it in the SPICe+ form.

Step 7: Stamp Duty Payment

The form auto-fills the relevant state or union territory for stamp duty payment. Choose the payment mode and declare the stamp duty paid. If no stamp duty applies, select the appropriate option.

Step 8: PAN and TAN Information

Provide PAN and TAN details for the company. Mention the source of income for the PAN application. If the income source is "Income from business/profession," enter the relevant code to align with the Central Board of Direct Taxes (CBDT) norms.

Step 9: Employer Registration Details

If applying for employer registration through the integrated e-biz service, provide clear details of the unit type, nature of work, and sub-category. This ensures proper compliance with labor laws.

Step 10: Additional Registrations

State if the company falls under the Employees Provident Fund and Miscellaneous Provisions Act, 1952. Provide the number of employees to be covered under this Act and the number of employees earning less than INR 15,000 working directly or through contractors under the Employees' State Insurance Act. If the company plans to engage in import or export activities, mention the Importer Exporter Code (IEC). Provide the proposed investment amount to complete the section.

Step 11: Attach Documents

Attach accurate documents to ensure compliance with the Companies Act and avoid processing delays. Correct documentation confirms the company’s legal status and supports the validity of the incorporation application. Inaccuracies or missing information may lead to the rejection of the application or cause unnecessary hurdles.

Step 12: Make Declarations

The authorised director must confirm compliance with the Companies Act, 2013. A practising professional (Chartered Accountant, Company Secretary, Cost Accountant, or Advocate) must digitally sign the form, stating their membership number and certificate of practice number.

Step 13: Digital Signatures

The proposed director must digitally sign the form using a valid Digital Signature Certificate (DSC). Enter the DIN or PAN of the signatory, as applicable, to complete the digital verification process.

Documents Required for SPICe+ Form

Listed below are the documents required for the SPICe+ form:

• Memorandum of Association (MoA).
• Articles of Association (AoA).
• Proof of Registered Office.
• Identity Proof of Directors and Subscribers.
• Address Proof of Directors and Subscribers.
• Digital Signature Certificates (DSC).

Benefits of Using SPICe+ Form

Listed below are the benefits of using the SPICe+ form:

• Cost-efficiency and Time-saving Advantages

SPICe+ form eliminates the need for multiple separate forms. It ensures faster processing through digital integration, reducing the time and cost typically associated with multiple submissions.

• Consolidated Filing Benefits

SPICe+ integrates DIN, PAN, TAN, GST, EPFO, ESIC, and Profession Tax registration in a single form. This consolidated approach avoids the hassle of submitting different applications for each registration, streamlining the process.

• Reduction of Manual Paperwork and Improved Compliance Tracking

SPICe+ automates documentation, reducing the reliance on manual paperwork and improving record-keeping accuracy. Digital submission and tracking features promote better compliance and reduce errors or data loss.

SPICe+ Form Compliance

Listed below are the compliance requirements of the SPICe+ form:

1. Mandatory Digital Signatures

The SPICe+ form requires digital signatures of authorized directors and certified professionals like Chartered Accountants, Company Secretaries, Cost Accountants, or Advocates. These digital signatures act as an electronic verification of the information filled in the form. They authenticate the submission and ensure the form’s legal validity. This process helps maintain the integrity and security of the data and establishes a robust framework for transparent incorporation.

2. Pre-filled Data from RUN Service

The SPICe+ form uses information from the Reserve Unique Name (RUN) service. This ensures accuracy in name reservation and avoids errors that could lead to application rejection. The pre-filled data ensures consistency and aligns with the Ministry of Corporate Affairs (MCA) database. This step reduces manual data entry errors and promotes precise and seamless registration.

3. Statutory Declarations

The form includes a statutory declaration that authorized directors and professionals must sign. They confirm that the data submitted in the SPICe+ form meets the conditions laid out in the Companies Act, 2013. Any false declaration or misinformation can result in penalties or legal consequences. This statutory declaration strengthens the credibility and reliability of the incorporation process.

4. Attachment of Accurate Documents

The SPICe+ form requires attaching documents like the Memorandum of Association, Articles of Association, and other declarations. These documents act as the backbone of the incorporation process. Accurate documentation ensures the legitimacy of the company’s details and promotes compliance with legal standards. It also helps the Registrar of Companies verify the information and maintain regulatory consistency.

5. Timely Establishment of Registered Office

If the correspondence address differs from the registered office, the company must set up its registered office within 15 days of incorporation. The company must then notify the Registrar of Companies within 30 days. This ensures the company has a legal place of business and establishes a channel for future communication. It also maintains accountability and operational transparency.

Conclusion

To sum up, in today’s fast-paced world, the SPICe+ form procedure simplifies company registration by making it faster, easier, and more efficient. Understanding each step ensures entrepreneurs can focus on growing their business rather than getting stuck in paperwork. With the right legal guidance and support, navigating this process becomes seamless and reliable. Among other service providers, Online Legal India provides expert assistance, helping businesses complete the SPICe+ form procedure accurately and on time. Their trusted services ensure compliance and a strong start, making them the ideal partner for every aspiring entrepreneur.