Introduction
SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) is the recent, government-initiated digital platform designed for company registration in India. This innovative service combines essential processes such as name reservation, incorporation, obtaining DIN, PAN, TAN, GSTIN, EPFO, ESIC, and Professional Tax (Maharashtra), along with bank account opening into a streamlined online experience.
Key Steps for Company Incorporation in India (2025)
Step 1: Preparation
- Determine the Industry and Business Activity
- Select Capital Structure: Decide between Equity, Preference, or both.
- Choose the Location of the Registered Office
- Select a Unique Company Name
- Ensure Compliance: At least two directors must either hold a valid DIN or apply for one through SPICe+.
Step 2: Obtain Digital Signature Certificate (DSC)
Documents Required:
- Recent photograph
- PAN card
- Proof of identity (Aadhaar, Voter ID, or Passport)
- Address proof (utility bill or bank statement issued within the last two months)
- Valid mobile number and email ID
Step 3: Complete the SPICe+ Web Form
SPICe+ Components:
- Part A: Reserve the company name (or continue if already reserved)
- Part B: Enter incorporation details, which include:
- Company structure and capital
- Registered office address (proof required; include NOC if rented)
- Details of directors and subscribers (DIN for up to three directors can be applied for within the form)
Attachments Required:
- Proof of registered office (utility bill, lease/rent agreement, NOC if applicable)
- Identity and address proof for directors and subscribers
- Declaration by subscribers and first directors (INC-9, auto-generated)
- Consent to act as director (DIR-2)
Integrated Applications:
- PAN & TAN
- GSTIN (optional)
- EPFO & ESIC registration
- Professional Tax (Maharashtra)
- Bank account opening
Step 4: Submit and Track Application
- E-sign and submit all required forms digitally.
- Make necessary payments for stamp duty and government fees online.
- Monitor application status through the MCA portal.
Recent Amendments and Key Features
- No minimum paid-up capital is required for private companies.
- All documents and certificates are issued electronically.
- Approval timelines are generally within 1–2 days.
- Startups qualify for self-certification and fast-track processing.
- The need for additional forms such as INC-7, DIR-12, INC-22, or INC-1 for new incorporations has been eliminated.
- The AGILE-PRO form facilitates the simultaneous registration of multiple statutory requirements.
FAQs
Q: What is SPICe+?
A: SPICe+ is an integrated web form for company incorporation in India that encompasses name reservation, incorporation, DIN, PAN, TAN, GSTIN, EPFO, ESIC, Professional Tax, and bank account opening.
Q: What documents are required for company registration?
A: Essential documents include a photograph, PAN, proof of identity and address for all directors/subscribers, proof of registered office, NOC if the premises are rented, and digital signatures.
Q: How long does company incorporation take in India?
A: Most applications are processed within 1–2 days, provided all documents are accurate and complete.
Key Takeaways
The process of company registration in India has transitioned to a fully digital, efficient, and integrated approach via the SPICe+ web form. With no minimum capital requirement, entrepreneurs can now complete all necessary registrations in one go. This modernization eliminates excessive paperwork and outmoded forms, making the overall experience more user-friendly for business owners.