Write notes on the following: (iv) 'SPICE'.

Ministry of Corporate Affairs vide notification dated 1st October, 2016 has issued the Companies (Incorporation) Fourth Amendment Rules, 2016 which introduced 'Simplified Proforma for Incorporating Company Electronically (SPICe)', as simplified integrated process for incorporation of the company under the Government Process Re-engineering (GPR) initiative. Rule 38 has been inserted in the Incorporation rules to introduce the following e-forms: e-Form INC 32 as a single application for Reservation of name, Incorporation of a new Company, Application for PAN and TAN and Application for Allotment of DIN; e-Form INC 33 for filing e-Memorandum of Association; e-Form INC 34 for filing e-Articles of Association These changes have been made effective from 1st October, 2016. The existing e-forms INC 29 and INC 7 will be phased out in due course. The initiative will enable speedy incorporation of the company and all the related services therewith, within the stipulated time frame.