As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs has deployed a Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus’) for the Incorporation of a company in India, through this process a new company can get the Certificate of Incorporation within two to three working days of submission of application form ‘SPICE+’ (Simplified Proforma for Incorporating Company Electronically Plus)
SPICe+ offer 10 services, thereby saving as many procedures, time and cost for Starting a Business in India and applicable for all company incorporations including subsidiary of foreign Company.
SPICE+ is an integrated Web Form.
SPICE+ have two parts viz.:
- Part A– for Name reservation for new company.
- A proposed name can be filed for the reservation/approval of name and also require the main object (business activity) of the proposed company through Part A by logging into regulator portal i.e mca.gov.in along with a fee of INR 1000/-
- Part B– offer bouquet of services:
- COI (Certificate of Incorporation)
- DIN (Director Identification Number)
- PAN (Permanent Account Number)
- TAN (Tax Deduction and Collection Account Number)
- EPFO (Employees’ Provident Fund Organisation) registration
- ESIC (Employees’ State Insurance Corporation) registration
- Allotment of Bank Account Number
- Professional Tax Registration ( In the state of Maharashtra)
- Allotment of GSTIN ( Goods and Service Tax Identification Number) (if so applied for)
Information and Documents require filing incorporation application SPICE+ and linked forms like eMoA and eAoA as applicable.
Validity period of the reserved/approved Name
An approved/reserved name shall be valid for a period of 20 days from the date of name approval letter from regulator.
Directors required for incorporation of a company in India
Only an Individual can act as a director and at least one director shall be the resident of India
| Minimum no. of Directors | Type of Company |
| One | One Person Company |
| Two | Private Limited Company |
| Three | Public Limited Company |
| Five | Producer Company |
Subscribers/Members required for registration of a company
Subscribers/Members can be an individual and/or body corporate.
| Minimum no. of Subscribers | Type of Company |
| One | One Person Company |
| Two | Private Limited Company |
| Seven | Public Limited Company |
| Ten | Producer Company |
Authorise/Paid-up Capital for incorporation of company
Subscriber/Member shall bring the capital into the company at the time of company registration as follows.
| Minimum Paid-up Capital | Type of Company |
| INR One | One Person Company |
| INR Two | Private Limited Company |
| INR Seven | Public Limited Company |
Declaration and Certification by Professional
Shall be given by CS/CA/CMA who is in whole time practice that all the particulars (including attachment) of the form are true, correct and complete and no information has been suppressed.
Details and FAQs ease the Company registrationResident Director in IndiaDSC