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Spice+ ( Simplified Pro-Forma For Incorporation A Company Electronically )- Is IT ‘Do It Yourself’ ?

  • February 21, 2024

The  Government of India  introduced SPICe+  in order to simplify  the  company  incorporation  / company   registration  process .    SPICe+   provides a structured pro-forma where in details  required for  company  incorporation  / company   registration can be filled up in a navigated way.  

SPICe+   has two parts –  Part A and Part B.    SPICe+ Part A is for giving details for getting proposed company name  allotted and SPICe+ Part B  is for giving details in connection with the registration of the proposed company.

Even though the Government of India introduced SPICe+ in order to simplify the company incorporation  / company   registration  process ,  it is advisable  to take the assistance  of a professional   viz  Company Secretary /Chartered Accountant/  Cost Accountant/ Advocate , in this regard  because of the intricacies of company law.

SPICe+ Part A ie  Name Reservation can be filled up properly  only if  one know 

1. Main division of industrial activity of the Company  &

2. Naming Guidelines

In the case of   SPICe+ Part B ,   professional (Chartered Accountant/ Company Secretary/ Cost Accountant/ Advocate)  has to give a  declaration to the effect that all the requirements of this Act and the rules made there under in respect of registration and matters precedent or incidental thereto have been complied with.

Besides , a professional can help would-be-promoters to customize  Memorandum of Association and the Articles of Association of the proposed  company .

So, better of course of action is to take guidance and assistance of a practicing professional from the beginning of  the company incorporation  / company   registration  process.