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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)
U 12345 DL 2020 PLC 098765
U: Listing Status
12345: Industry Code
DL: State Code
2020: Incorporation Year
PLC: Ownership
098765: Registration Number
Listing Status: The first letter represents whether the company is listed or not listed. If the company is unlisted it is marked U and the letter L for listed status.
Industry Code: The 5 digit number represents the ROC industry code. All different activities have different 5-digit code and this code helps in identifying the type of company.
State Code: The two letters represent where the company has been registered under the Registrar of Companies with its registered office being at a specified state.
Incorporation Year: It is the year of incorporation of the company which uses 4 extra digits in the unique code.
Ownership: This represents the type of the company being Private or Limited Company, Government of India, Not-for-profit, One Person Company or Company of State Government.
Registration Number: Final six digits represent the RoC code of the company.
All of these elements combine to form a 21 digit unique Corporate Identification Number .
The unique number/code is to be mentioned in the following documents:
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).
Step 1: Filling in application form at www.mca.gov.in
Step 2: Provide all the required documents for review and approval
Step 3: Submit the payment to receive the unique number from MCA.
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
You can easily track your CIN Number and find company details online. To track or check your company’s registration number you can visit the Ministry of Corporate Affairs website.
If you wish to start your own business and are looking for financial assistance you can simply apply for a business loan at Finserv MARKETS. By applying for business loans you will be able to meet all kinds of financial requirements such as machinery loan, unsecured working capital loan, capital loan, and term loan. Bajaj Finserv Business Loan is collateral-free and all our business finance offers are designed to help the small businesses reach new heights. The business loan disbursement process is quick and the loan amount gets credited directly in the borrower’s bank account within a few working days after approval.
With the flexible loan repayment tenure, the loan can be repaid easily through easy monthly instalments. To calculate your monthly EMIs you can take the help of a business loan EMI calculator and get an estimate of the amount that is to be repaid. You also get access to a detailed Financial Health Report and insurance plans on your loan. Business Loans at Finserv MARKETS are designed to provide momentum to the growing small businesses.
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
A penalty is levied on companies that do not comply with the mandatory application for a CIN number. A sum of ₹1000 per day is charged against the company and the officer. The maximum penalty charge that can build up is limited to a sum of ₹1 Lakh.
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