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What is SPICe in the context of company incorporation in India?
  • a)
    A legal provision allowing shareholders to transfer shares.
  • b)
    A system for electronically filing company incorporation forms.
  • c)
    A clause for regulating the memorandum and articles of the company.
  • d)
    A mandatory document to prove the financial status of the company.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
What is SPICe in the context of company incorporation in India?a)A leg...
The correct answer is B: A system for electronically filing company incorporation forms.

- SPICe stands for Simplified Proforma for Incorporating Company Electronically.
- It is an initiative by the Ministry of Corporate Affairs in India.
- SPICe simplifies the process of incorporating a company by allowing electronic submission of incorporation documents.
- It streamlines the incorporation process, reducing paperwork and speeding up registration.
- This system integrates various services like Director Identification Number (DIN) and Permanent Account Number (PAN) application into a single form.
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What is SPICe in the context of company incorporation in India?a)A legal provision allowing shareholders to transfer shares.b)A system for electronically filing company incorporation forms.c)A clause for regulating the memorandum and articles of the company.d)A mandatory document to prove the financial status of the company.Correct answer is option 'B'. Can you explain this answer?
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What is SPICe in the context of company incorporation in India?a)A legal provision allowing shareholders to transfer shares.b)A system for electronically filing company incorporation forms.c)A clause for regulating the memorandum and articles of the company.d)A mandatory document to prove the financial status of the company.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about What is SPICe in the context of company incorporation in India?a)A legal provision allowing shareholders to transfer shares.b)A system for electronically filing company incorporation forms.c)A clause for regulating the memorandum and articles of the company.d)A mandatory document to prove the financial status of the company.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is SPICe in the context of company incorporation in India?a)A legal provision allowing shareholders to transfer shares.b)A system for electronically filing company incorporation forms.c)A clause for regulating the memorandum and articles of the company.d)A mandatory document to prove the financial status of the company.Correct answer is option 'B'. Can you explain this answer?.
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