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Question
Explain the following term/concept.
SPICe.
Solution
Meaning: SPICe stands for Proforma for Incorporating Company electronically. It is a simplified integrated process for incorporation of a company Vide rule 38 of companies (incorporation) (4th Amendment). This rule made applicable with effect from 2/ 10/2016. SPICe is to be filled for applying:
- Reservation of Name of Company
- Incorporation of a new company
- DIN for Directors
- PAN and TAN for a new company
This form needs to be submitted With Registrar of Companies (ROC).
Submission of documents: Along With SPICe form, documents like e-Memorandum of Association, e-Articles of Association other documents necessary for registration (incorporation) of company and prescribe fees required to be submitted electronically to Registrar of Companies (ROC)
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Select the correct answer from the options given below and rewrite the statement:
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