How does a CIN look, and where does it come from?
In the state’s ROC office, a certificate containing a corporate identification number and the approved name will be issued. Every time correspondence or data forms are sent to the MCA, this number must be provided. Reports and audits require this number especially. It is essential for revealing important facts about a company to have a correct CIN. In addition to the CIN, proving a company’s legitimacy also requires an accurate CIN.
An alphanumeric code of 21 digits makes up a CIN. The Private Limited Company Classification (PLC) used by ROC utilizes this format for classifying private limited companies. In addition to the Private Limited Company Classification (PLC), ROC uses the following classifications:
- FLC (Financial Lease Company)
- Private General Association (GAT)
- Public General Association (GAP)
- Foreign Subsidiary Corporation (FTC)
- Indian companies owned by the government (GOI)
- PLCs (public limited companies)
- Private companies (PTCs)
- Not-For-Profit Limited Liability Companies (NPLs)
- SGCs (State-owned Companies)
- PLUCS (Proprietary Limited Liability Companies with Unlimited Liability)
- One-Man Companies (OPCs)
- ULTs (Unlimited Liability Listed Companies)
- Producer Companies
21 digits long, the number is composed of letters and numbers. It is only issued to authentic Indian companies. This number can be read easily. For example: No. U72200MH2009PLC123456. A number of details are given about the company, including its Year of Incorporation (2009), its State Code (MH- Maharashtra), its Type (PTC- Private Limited Company) and its Listing Class (U-Unlisted). Without searching online, all four pieces of information are easy to gather.
1. Stock Market Listing Part
A company’s first character indicates whether it is listed or unlisted. This is related to its listing on the stock market. It begins with U if it’s unlisted, if it’s listed, it begins with L.
2. Classification of Its Economic Activity
Below are five numbers that describe the company’s economic activity. Each number represents something specific. We have:Section> Division> Group> Class> Sub-Class. MCA is divided into categories to facilitate this process.
3. State Code
These two letters indicate where the company was registered and where the company’s office is located.
4.Years Since Incorporation
When the company was incorporated, these four digits were used.
Part 5 – Type of Company
The following three alphabets indicate what kind of company it is. Private Limited Companies (PTC) or Public Limited Companies (PLC) are two examples of types of companies.
6. Company registration.
Each company has a six-digit registration number. The legal name of the company is included along with the code for the ROC where it was registered.
What is the CIN?
It is used by several entities, including tax collection agencies, auditing firms, and reporting agencies. It must be inserted into note, invoice, bill, notice, letterhead, annual reports, electronic forms on the MCA portal, and any other publications.
What is a CIN-registered company?
Companies are registered organizations. Business entities create it for a variety of reasons, such as trade or non-profit. The Companies’ Act of 1956 states that a company becomes a legal entity once it is incorporated, and it has legal rights and responsibilities.
ROCs are responsible for handling these matters.
The Companies Act of 1956 and any amendments thereto requires this government agency to register and incorporate all Indian companies. This agency has offices across all the states and union territories in India. There is at least one ROC in every state in India. The North Eastern States, however, are the exception to this. Before and after incorporation, all Indian companies trading on the Indian market must comply with this Act.
- Renaming of companies
- A company’s conversion from a private limited company into a public limited company or any other conversion that results in the names of registered companies being struck off
- Actions against defaulting companies in default companies and officers can be penalized INR 1,000 per day up until their default is resolved by the ROC.
- Up to 100,000 INR can be penalized when in default.