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MCA or Ministry of Corporate Affairs has simplified the process for the incorporation of Companies. It notified two new forms ‘ Spice+ ‘ and ‘Agile-Pro’ to ease the process of doing business. Through this notification, the Ministry of Corporate Affairs has amended the Companies (Incorporation) Amendment Rule, 2020. To simplify the incorporation of the company, a new form Spice+ and Agile-pro is introduced to replace the existing Spice form an Agile form. The services of the new forms are applicable to new incorporations with effect from 15 February 2020. The new SPICE+ form provides all the services right from the reservation of name for the company till the opening of the Bank account post-incorporation.
The Ministry of Corporate Affairs.
The Ministry of Labour & Department of Revenue in the Ministry of Finance.
Maharashtra State Government.
The services of the Spice + form are as follows:
The SPICe+ form requires the details mentioned below:
The following attachments are necessary for submitting the SPICe+ forms:
The newly introduced Spice+ form is very similar to the already existing spice forms. The Spice + forms provide some extra services apart from the spice form. The significant difference is:
Companies getting incorporated through Spice+ forms with an authorized capital up to Rs.15,00,000 will continue to enjoy zero filing fee concession. From 23rd February 2020 onward, RUN service is applicable only for the change of name of an existing company. Changes or modifications in SPICe+ form even after generating pdf and affixing DSCs can be done up to only five times by editing the same web application which has been saved and uploading the same. In case of any technical problems like uploading of forms, pre-scrutiny errors, DSC related, payment related queries, etc. the ticket can be raised on www.mca.gov.in in my services section and one needs to await a resolution. Hence, all newly incorporated companies can save time, procedures and money through Spice+ form and Agile Pro.
The official notification can be found in the given link: http://www.mca.gov.in/Ministry/pdf/rule_22022020.pdf
Also, Read: Benefits of Registering a New Business in India by Using SPICe.
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