What is CIN Number of Company? How to Register CIN No.? and How to check CIN number?
Introduction
This blog includes information on the CIN number for a company, what a CIN number is, how to register and check a CIN number, and other relevant details about the Corporate Identification Number. The Registrar of Companies (ROC) assigns a CIN to firms registered in India after issuing their Registration Certificate. This unique identification number is essential, as every company must include it in all filings with the Ministry of Corporate Affairs (MCA), including audits and reports.
What is CIN Number?
The Ministry of Corporate Affairs assigns a unique Corporate Identification Number (CIN) to companies registered in India. This 21-digit alphanumeric code is given to firms registered with the Registrar of Companies (ROC) in various states across the country. Businesses use the CIN for legal and regulatory purposes, ensuring transparency and accountability in their operations.
All companies registered in India are given a CIN, below are some of the examples
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OPC (One Person Company)
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Nidhi Company
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Private Limited Company
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State Government Companies
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Section 8 Company, and others
In India, the ROC does not issue a CIN to Limited Liability Partnerships (LLPs). Instead, it assigns a unique 7-digit LLPIN (Limited Liability Partnership Identifying Number) to LLPs.
Importance of CIN Number for Company
- Official Identity : CIN acts like an ID for the company and is required for all legal documents.
- Government Compliance : The company needs it to file reports, tax documents, and financial statements with the government.
- Trust & Credibility : Customers, investors, and other businesses can check the company’s CIN to confirm it is legally registered.
- Needed for Business Transactions : A company must provide its CIN when opening a bank account, applying for loans, or registering for taxes.
- Company Information : The CIN contains details like the type of business, registration location, and year of establishment.
- Legal Protection : It helps in resolving legal issues and ensures that the company follows government rules.
Structure of Corporate Identification Number (CIN)
A CIN consists of 21 characters and follows this format : L35301KA1963GOI001622
Where:
L/U : Listed (L) or Unlisted (U) company
35301 : Industry code
KA : State code (e.g., MH for Maharashtra, DL for Delhi, etc.)
1963 : Year of incorporation
PLC/OPC/LLC/GOI : Company classification (e.g., Public Limited, Private Limited, etc.)
001622 : Unique registration number
Steps to Register a CIN Number for Your Company
The following are the steps to register a CIN once you’ve decided what type of business you wish to start
- Choose the Type of Company (Pvt ltd., OPC, LLP etc)
- Obtain Digital Signature Certificate (DSC)
- Apply for Director Identification Number (DIN)
- Name Reservation (RUN Form)
- File SPICe+ (INC-32) Form for Incorporation ( Attach MOA, AOA, ID, Address Proof)
- Pay Government Fees and Stamp Duty
- Get Company Incorporation Certificate & CIN
In addition, the MCA (Ministry of Corporate Affairs) will assess and approve the company’s application after receiving the company’s incorporation forms. The CIN is assigned after all of the information in the application has been validated.
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What are the Usage of CIN number?
Corporate Identification Number (CIN), serves various important purposes. Here are some of the key usages of the Corporate Incorporation Number:
1. Legal Identification: The CIN provides a unique identification for a company, enabling it to be legally recognized and distinguished from other entities.
2. Regulatory Compliance: The CIN is used for fulfilling various statutory and regulatory compliance requirements imposed by government authorities and agencies.
3. Business Transactions: The CIN is often required during business transactions, such as opening bank accounts, entering into contracts, or applying for licenses and permits.
4. Public Information: The CIN is publicly available and can be used by stakeholders, investors, and the general public to access information about the company’s registration details, financial reports, and other relevant data.
5. Transparency and Accountability: The CIN promotes transparency and accountability by ensuring that companies can be easily identified and their activities tracked by regulatory bodies, shareholders, and the public.
When Corporate Identification Number (CIN No.) Need to Update
In the following situations, your company’s Corporate Identification Number (CIN) must be updated:
- Change in Ownership Structure: When the ownership structure of your company changes, such as transitioning from a sole proprietorship to a private limited company.
- Relocation of Registered Office: When your company’s registered office moves to a different state.
- Change in Stock Market Listing Status: If your company moves between being listed (L) and unlisted (U) on the stock market.
- Alteration in Industry Focus: If your company undergoes a change in industry focus since its establishment.
- Registrar of Companies Change: If the authority overseeing your company’s affairs, known as the Registrar of Companies, changes.
Conclusion
A Business Registration Number, commonly known as a CIN (Corporate Identification Number), is a unique identification number provided by the ROC (Registrar of Companies). Simply put, a CIN is a unique code that contains a company’s identification number as well as additional information about its operations.
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FAQs on Corporate Identification Number
1. Is there a difference between the CIN number and the registration number?
The registration number of the firm issued by the Registrar of Companies is the last six numbers of the CIN number. CIN is not used by LLPs. LLPIN is a number assigned to limited liability partnerships. In addition, a company’s CIN and GSTIN will not be the same.
2. What is the procedure for changing your CIN number?
The CIN number cannot be changed; however, it will change automatically if the company’s listed status, registered office location, or industry changes.
3. Is the CIN and GST the same thing?
No. A CIN is a unique number assigned to registered businesses by the Registrar of Companies at the time the certificate of incorporation is issued. GSTIN, on the other hand, is a unique number assigned to companies and businesses that have registered under the GST (Goods and Service Tax) statute. As a result, they are distinct and serve distinct purposes.
4. When must the CIN be entered on the Reserve Unique Name?
Only when a firm wishes to change its name and is utilizing the Reserve Unique Number to reserve the new name of an existing company does the CIN have to be entered.
5. How can I find out if a firm is listed on a stock exchange based on its CIN?
The first letter of a company’s CIN indicates whether it is listed or not, with L indicating that the company is listed and U indicating that the company has not been listed in the stock market.
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