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The CIN number is an important code that is necessary for every company located in the country. This article will help you understand the necessity of the CIN number for your company and how it plays an important role in all the documents related to the organisation. Keep reading to know more.
CIN number means a 21-digit code in an alpha-numeric format. It is provided to every company registered by the Registrar of Companies (RoC), including private company, public company, one-person company, limited liability partnership, non-profit or not for profit organisations, governmental organisations, non-governmental companies, and other types of organisations.
CIN no. means Corporate Identification Number. It contains the important and necessary registration details regarding the company. It includes the year in which the company was established, its location, ownership status, and other key aspects.
The Corporate Identification Number is mostly used to keep track of all the activities and aspects of a firm after the Registrar of Companies or RoC registers it. It is used right from the date of incorporation of the company. This code is different for each company. It is used mainly during audits and while presenting reports. It is also used when any form is being submitted to the Ministry of Corporate Affairs or MCA.
It can also be used by the Registrar of Companies or the Ministry of Corporate Affairs to track and identify the companies when they need information regarding the firms.
CIN number is mandatory for any company registered in India. Each company is given a unique code by the Registrar of Companies or RoC functioning in the different states under the Ministry of Corporate Affairs. Therefore, a company cannot function without a CIN. In addition, each company gets a unique CIN no. To know how to get CIN number for your company, read through the methods listed that need to be followed.
Follow these steps to get the CIN registration number for your company:
The 21 digits long unique CIN code for a company follows a specified format. You can easily decode and interpret your company's CIN by knowing the alphabet's detailed arrangement and numbers and what each character inside the code indicates. Each CIN no. is divided into 6 parts that represent important details relating to the company like:
To understand the CIN number format better, let us take a look at a CIN number example:
The above CIN number contains 21 digits as per the specified format. Therefore, it is a mixture of letters and numerals.
You can search the CIN for your firm online at the official website of the Ministry of Corporate Affairs by clicking on this link: https://www.mca.gov.in/mcafoportal/findCIN.do
There are different ways through which you can search the CIN number of your company. You can search under the "Find CIN" option that is present on the website. The different methods that you can follow to find your firm's CIN are explained below.
Based on the details available to you, you can select any one of the options mentioned above to check for your company's CIN.
After filling out the required details, you will be asked to type in a captcha. Once the captcha is verified, click on the search button to find your firm's Corporate Identification Number.
This is an easy way of finding it out, as you can access the web portal of the Ministry of Corporate Affairs online from anywhere and anytime.
The usage of the CIN is required in several places. After obtaining the CIN for your company, you must use it in your company's activities on different platforms. In addition, you should use the CIN no of your company in various important documents. These include:
You will be liable to a penalty if you do not use your company's CIN on letterheads, publications, invoices, notices, etc. This is mentioned in Section 12(3) of the Companies Act, 2013. A fine of Rs. 1000 would be applicable for each day the CIN is not used. However, the fine will not exceed the amount of Rs. 1,00,000 as mentioned in Section 12(8) of the Companies Act.
If any changes alter the status of your company, it will also lead to a requirement to change its existing CIN. The following circumstances explain when there is a need to change the CIN no of your firm:
If and whenever your organisation faces such changes, you will have to get the CIN changed into a new number.
The CIN no is an essential number that is required for any company. Therefore, understanding its meaning, needs, usage, etc., can help you incorporate your company. Also, it will help you whenever required if you know the changes, penalty, and the procedure to apply online for the CIN number and other aspects related to the CIN.
1. Where can I find the industry codes for different sectors of companies?
You can find the industry codes from the official website of the Ministry of Corporate Affairs. It contains information on the various types of industries and provides respective codes for each. You can find the codes in this pdf - https://www.mca.gov.in/MCA21/dca/efiling/NIC-2004_detail_19jan2009.pdf
2. What is the CIN number full form?
CIN is the abbreviated version of Corporate Identification Number.
How do I know whether a company is listed in the stock market exchange or not?
The first letter of the CIN represents whether the firm is listed or unlisted under the stock market exchange. You can easily identify this since the letter will either be 'L' or 'U'. L stands for listed companies, while U stands for unlisted companies.
4. Where are RoCs located?
The Registrar of Companies or RoC is located in many major cities of India, spread across states and union territories.
5. Do Section 8 companies require CIN?
Yes. Section 8 companies also require a CIN just like all other companies. The ownership code will be NPL for such companies.
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