MCA has issued following important updates regarding proposed changes in procedure for Name Reservation and Incorporation of a new Company:
- MCA would be shortly notifying & deploying a new Web Form ‘SPICe+’ replacing the existing SPICe form as a part of Government of India’s Ease of Doing Business(EODB) initiatives.
- 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.
- Upon notification & deployment, all new name reservations for new companies as well as new incorporations shall be applied through SPICe+only. RUN shall be applicable only for change of name of existing companies.
- However, Incorporation of companies for names reserved through the existing RUN service shall continue to be filed in the existing SPICe e-form along with related linked forms as applicable and if marked under resubmission shall be resubmitted in SPICe eform.
Due to the proposed changes to the RUN web service (for companies), Resubmission Option for name reservation shall not be available for forms processed by CRC from 1st Feb 2020 ONWARDS for approximately 15 days. Hence, stakeholders are advised to await deployment of spice+ and then apply for names through SPICe+web form as there would be no option of resubmission for names applied through RUN. RUN applications (for companies) processed 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 accordingly.