CIN, issued by MCA, the unique identifier, provides the key profile of companies – Explain.
CS Professional · Advanced Company Law and Practice · PYQS · June 2017
CIN, issued by MCA, the unique identifier, provides the key profile of companies – Explain.
Answer & Explanation:
Every company incorporated on or after Nov 1, 2000 is allotted a 21 digit Corporate Identity Number (CIN) by the ROC, which indicates the listing status, economic activity (industry), State, Year of incorporation, ownership and sequential number assigned by the ROC. This number is to be quoted in all e-forms and once the number is typed, MCA site automatically pre-fills the essential particulars. CIN is structured as under to indicate the profile of the company: 1st digit: Listing Status Next 5 digits: Economic activity (industry to which the company belongs) Next 2 digits: State in which Company is registered Next 4 digits: Year of incorporation Next 3 digits: Ownership Next 6 digits: Sequential number assigned by the ROC (Registration Number) CIN can also be searched in MCA site based on ROC registration number, existing company name or old name, if any. Keeping in view the said specifications, CIN can be considered the unique identifier.
Topics: E-Governance
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