MCA- Company Incorporation update Jan-2020

MCA- Company Incorporation update Jan-2020

(i) As a part of Government of India’s Ease of Doing Business (EODB)
initiatives, the Ministry of Corporate Affairs would be shortly notifying &
deploying a new Web Form christened ‘SPICe+’ (pronounced ‘SPICe Plus’)
replacing the existing SPICe form
.

(ii) SPICe+ would be an integrated Web form offering multiple services viz. name
reservation, incorporation, DIN allotment, mandatory issue of PAN, TAN, EPFO,
ESIC, Profession Tax (Maharashtra) and Opening of Bank Account*
. It will
also facilitate allotment of GSTIN wherever so applied for by the
Stakeholders. After deployment of SPICe+ web form, RUN shall be applicable only
for change of name of existing companies.

(iii) Upon
notification & deployment, all new name reservations for new
companies as well as new incorporations shall be applied through SPICe+
only

(iv) However,
incorporation of companies for names reserved through the existing RUN service
shall continue to be filed in the existing SPICe eform along with related
linked forms as applicable and if marked under resubmission shall be
resubmitted in SPICe eform.

(v) Resubmission
of SPICe forms submitted prior to date of deployment of SPICe+ web form shall
also be filed in the existing SPICe eform and related linked forms as
applicable.

*•Name
Reservation using RUN web service (Existing Service)*
Due to the
proposed changes to the RUN web service (for companies), *RESUBMISSION
OPTION for name reservation SHALL NOT BE AVAILABLE from 1st Feb 2020 ONWARDS*

for approximately 15 days. Hence, after 01 Feb 2020, stakeholders are advised
to EITHER AWAIT DEPLOYMENT OF SPICe+ AND THEN APPLY FOR NAMES through SPICe+
web form or perform due diligence while submitting any application in existing
RUN    web service for name reservation.
RUN applications (for companies) filed w.e.f   
1st February 2020 onwards shall either be approved or rejected based on
checks performed by CRC officers. Stakeholders may kindly note and plan
a
ccordingly.

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