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Govt introduces new electronic form for incorporation of companies
Feb-25-2020

The government has introduced a new electronic form for incorporation of companies. The initiative will help in reducing time and cost of starting a business in the country.  SPICe+, an integrated web form, would have two parts -- for reserving names for new companies and providing various services at the time of incorporation.

The corporate affairs ministry has said registration for Employees' Provident Fund Organisation (EPFO) and Employees' State Insurance Corporation (ESIC) shall be mandatory for all new companies to be incorporated through SPICe+ and no EPFO and ESIC registration numbers shall be separately issued by the respective agencies. The ministry also said the new web form would facilitate on-screen filing and real-time data validation for seamless incorporation of companies. Registration for profession tax would be mandatory for all new companies to be incorporated in Maharashtra through SPICe+.

Ten services, including issuance of EPFO and ESIC registration numbers, would be done through SPICe+. It replaces the electronic form SPICe (Simplified Proforma for Incorporating Company Electronically). The labour ministry, the Department of Revenue in the finance ministry and the Maharashtra government would also offer certain services through the form.

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