Multiple Choice Questions on SPICe Portal often seen in the news recently is associated with ........ for RBI Grade B Exam Preparation

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    SPICe+ Portal, often seen in the news recently, is associated with?

    Know your Nutrition level Campaign

    Incorrect Answer

    Incredible India Campaign 2.0

    Incorrect Answer

    Doubling Farmers Income

    Incorrect Answer

    Ease of doing Business

    Correct Answer
    Explanation:

    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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