Starting a new business is more than an idea, but there are several other things that you need to let your product/service and business work like a CIN number, Tin number and GST registration. Every business owner is required to adhere to several rules and regulations, one of these rules is registering the business as a company and getting a Corporate Identity Number (CIN). In order to start your own company, it is vital for you to know about the CIN number registration for smooth business transactions.
Corporate Identification Number (CIN) is a 21 digit alpha-numeric unique identification code that is provided by the RoC (Registrar of Companies) of various states under MCA (Ministry of Corporate Affairs). This unique number helps in tracking all the details of a company in India from incorporation by the Registrar of Companies (ROC) and must be quoted on all transactions with the Registrar of Companies.
CIN consists of important details, such as
Year of Incorporation (Example: 2020)
State code (Example: DL- Delhi)
Type of Company (Example: PLC – Public Limited Company)
Listing status (Example: L – Listed)
The unique number/code is to be mentioned in the following documents:
Receipts & Invoices
Letterheads
Notice
Annual Reports
Every e-form on the MCA portal
Other publications
The CIN no. reveals the identity and basic information of the company and helps determine the authenticity of the business. Any business can get a CIN number by applying for it on the official website of MCA (Ministry of Corporate Affairs).
The following are the factors that lead to a change in the Corporate Identification Number :
Change in the listing (Listed or Unlisted) status of the company
Change in location or state of the company’s registered office in India
Change in sector/industry of the company
FLC: Financial Lease Company as Public Limited
FTC: Subsidiary of a Foreign Company as Private Limited Company
GAP: General Association Public
GAT: General Association Private
GOI: Companies owned by Government of India
NPL: Not-for-Profit License Company
PLC: Public Limited Company
PTC: Private Limited Company
SGC: Companies owned by State Government
ULL: Public Limited Company with Unlimited Liability
ULT: Private Company with Unlimited Liability
There are several factors that affect or lead to change in the CIN number. Some of these include:
In the case of change in the company listing status
In the case of change in the location of the registered office of India
In the case of the change of the company’s industry
In the case of the change of the company’s sector