If you're looking to apply for a CIN number, you may be wondering where to start.
Don't worry, the process is simple!
In this blog post, we will walk you through everything you need to know to apply for a CIN number.
With just a few minutes of your time and some basic information, you will be able to complete the application process with ease. So let's get started!
CIN (Company Identification Number/Company Incorporation Number/Corporate Identification Number) is a 21-digit alpha-numeric number or code.
The Registrar of Companies (RoC) issues the CIN to every company registered in India.
To get a CIN, you must apply for company registration online.
Here is the step-by-step process to know how to apply for CIN Number:
Looks Complicated? We at StartEazy help you with everything. All you need to do is fill up the form on your right-hand side.
Here is an example of the CIN Number that you will receive and how to decode it.
In order to apply for a CIN, there are certain documents that you need to provide to the authorities.
These documents are essential for the registration process and must be submitted along with the application form.
The documents that are required for applying for a CIN include:
DSC of all Directors
DIN of all Directors
Name of the Company
Identity Proof of all directors
Address Proof of directors and premises
Utility Bills of the premises (not older than 2 months)
Photograph of directors
Your assigned relationship manager will assist you with the documents mentioned above.
The cost of applying for CIN Number and company registration online is the same.
Fees to get your unique CIN is Rs. 6980/-.
Also, there are annual compliance fees depending on various factors.
For more information on Fees to get CIN, you can get in touch with us.
A CIN is required to track all the aspects of the company, including the transactions with the RoC.
Here is the list of documents that must have the CIN Number mentioned on it:
However, if the CIN is not mentioned on all the documents, the company is penalised under Section 12(3) of the Companies Act, 2013.
The penalty starts from Rs. 1,000 per day, till the date of default continuation.
However, under Section 12(8) of the Companies Act, 2013, the penalty cannot surpass Rs. 1,00,000.
Here are some of the key reasons why having a CIN number is crucial for companies in India:
One of the most important reasons for having a CIN number is to ensure legal compliance. As per the Companies Act, 2013, every company registered in India must have a unique CIN number.
Failure to comply with this requirement can result in penalties and fines, which can have a significant impact on the company’s financial health.
A CIN number helps in identifying a company and differentiating it from other businesses.
It is especially important in today’s business environment, where competition is intense and many companies are operating in the same sector.
A CIN number helps in building the company’s brand and reputation by making it easier for customers and other stakeholders to identify and do business with it.
A CIN number is essential for a company to access credit from financial institutions such as banks and NBFCs.
Most lenders require a company to provide its CIN number as a part of the loan application process.
Without a CIN number, it becomes difficult for a company to avail credit, which can impede its growth and expansion plans.
Companies in India are required to comply with various tax regulations such as GST, income tax, and TDS.
A CIN number is necessary for a company to comply with these regulations, as it helps in tracking all the transactions related to these taxes.
It also ensures that the company is not penalized for non-compliance with tax regulations.
A CIN number is also an important aspect of corporate governance.
It helps in maintaining transparency and accountability in a company’s dealings with its stakeholders.
A company’s CIN number is mentioned in all its official documents such as invoices, letterheads, and annual reports.
In fact, it ensures that all transactions are properly recorded and can be easily traced in case of any discrepancies.
CIN in GST stands for Challan Identification Number generated by the banks to track the payment made to the government accounts. Whereas for the company, it stands for Company Identification Number in India.
No, LLP's do not need a CIN number. Instead, they are provided with a 7-digit alpha-numeric LLPIN number.
No, GSTIN is the identification number of the GST Registration. Above all, both of them have different purposes.
All the companies incorporated under Companies Act 2013 needs a CIN.
For example, Private limited Company, One Person Company, Section 8 Company, Producer Company and Nidhi Company.
After you apply for CIN number, you can track it on the official website of Ministry of Corporate Affairs.
While obtaining a CIN number may seem like a daunting task, it can be made much easier with the help of StartEazy.
Here's how our experts can help you obtain your CIN number:
To obtain a CIN number, you need to have a Digital Signature Certificate (DSC) and a Director Identification Number (DIN).
Our experts can help you apply for these documents, making the entire process quick and hassle-free.
Before you can register your company, you need to get approval for the name you have chosen.
We can help you with this process by providing you with a list of available names and helping you choose a unique and memorable one that meets all legal requirements.
The Memorandum of Association (MOA) and Articles of Association (AOA) are two important documents that need to be drafted before you can register your company.
Our team of professionals can help you with this process by providing you with expert assistance in drafting these documents.
Once all the necessary documents are in place, you need to fill up the SPICe+ (INC-32) form to register your company and obtain your CIN number.
We will help you with this process by ensuring that all the required information is provided correctly and accurately.
After your company is registered, you need to ensure that you comply with all legal requirements and file all necessary documents on time.
StartEazy can help you with this by providing you with expert guidance on annual compliance and ensuring that all necessary documents are filed correctly and on time.
In addition to the above services, StartEazy also offers a range of additional services related to company registration and compliance in India.
These include GST registration, trademark registration, accounting and bookkeeping, and more.
In conclusion, obtaining a CIN number is an important step in the process of starting a new company in India.
While it may seem like a daunting task, it can be made much easier with the help of StartEazy.
With its range of services related to company registration and compliance, StartEazy can help you navigate the complex legal requirements and obtain your CIN number quickly and hassle-free.