SPICe+ Portal, often seen in the news recently, is associated with?
Know your Nutrition level Campaign
Incorrect AnswerIncredible India Campaign 2.0
Incorrect AnswerDoubling Farmers Income
Incorrect AnswerEase of doing Business
Correct AnswerExplanation:
Recently, the Ministry of Corporate Affairs (MCA) has notified and deployed a web-form namely ‘SPICe+’ (pronounced SPICe Plus) as a part of Government of India’s Ease of Doing Business (EODB) initiatives.
About SPICe+
- SPICe+ would be an integrated Web form offering multiple services viz. name reservation, incorporation, DIN allotment, mandatory issue of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra) and Opening of Bank Account.
- The web-form offers 10 services by three Central Government Ministries and Departments (Ministry of Corporate Affairs, Ministry of Labour & Department of Revenue in the Ministry of Finance), one State Government (Maharashtra) and various Banks, thereby saving procedures, time and cost for Starting a Business in India.
- To make the company incorporation process easier MCA has deployed new web-based form spice+ and other registration along with the form.?
- The new web form facilitates On-screen filing and real time data validation for seamless incorporation of companies.
- The number of procedures has been reduced to 3 as against 10 earlier and time has also been reduced to 4 days as against 18 days earlier for starting a Business in the Country.
- These 10 services are: Name reservation; Incorporation; DIN allotment; Mandatory issue of PAN; Mandatory issue of TAN; Mandatory issue of EPFO registration; Mandatory issue of ESIC registration; Mandatory issue of Profession Tax registration (Maharashtra); Mandatory Opening of Bank Account for the Company and Allotment of GSTIN (if applied for).
Hence option 4th is correct.
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