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TMI BlogMinistry of Corporate Affairs took another bold initiative in Government Process Re-engineering (GPR)X X X X Extracts X X X X X X X X Extracts X X X X ..... Ministry of Corporate Affairs took another bold initiative in Government Process Re-engineering (GPR) X X X X Extracts X X X X X X X X Extracts X X X X ..... inistry of Corporate Affairs has taken another bold initiative in Government Process Re-engineering (GPR) and launched a Simplified Proforma for Incorporating a Company Electronically (SPICe) e-Form, on the occasion of Gandhi Jayanthi 2016.The main objective of launching this e-Format proforma, SPICe, is to provide speedy incorporation related services within stipulated time frames which are in li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ne with the international best practices. SPICe's USP is as follows: - * Simplified and completely Digital form for Company Incorporation * Standard format of e-Memorandum of Association as per Companies Act, 2013 * Standard format of e-Articles of Association as per Companies Act, 2013 * Memorandum and Articles will now be filed as linked e-forms (except for Section 8 companies) * Pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ovision to apply for Company Incorporation with a pre-approved Company Name * Mandatory DSCs of Subscribers and Witnesses (max 7+1) in SPICe MOA and SPICe AOA * Back Office productivity gains due to faster review of e-MOA and e-AOA by approving authorities. Existing INC-29 and INC-7 will be phased-out and SPICe will be the Sole, Simplified & Versatile form available for incorporation of a com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pany in India X X X X Extracts X X X X X X X X Extracts X X X X
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