Corporate Identification Number (CIN) Registration

Introduction

CIN or Corporate Identification Number is an alpha-numeric code which provides a unique identity to each company registered in India. This CIN number highlights multiple things about the company including its type, year of incorporation, registration number, and many more. In this article you’ll get the complete details related to CIN Registration, its importance, procedure, how one can check CIN Status, penalty along with complete breakdown of CIN with Bizfoc.

What is CIN?

A CIN commonly known as Corporate Identification Number is a 21 digit alpha-numeric code allotted to each company registered in India. A CIN number is issued by ROC and it is a mandatory registration whether you’re a private limited company, nidhi company, OPC, public limited company, etc. A CIN Number helps ROC to access the company’s specific information as it not only includes the company registration number but also holds some extra details. A CIN works as an identity marker providing essential information such as the company’s Incorporation details like its name, business nature, authorised capital and office address.

Importance of CIN Registration

Obtaining a CIN provides certain importance to the registered company. These importance are as follow:

1. Regulatory Compliances: In multiple cases, to fulfil company compliances CIN number is required. These compliances include notices, annual reports, audits, receipts, invoices, etc.
2. Unique Identity: A CIN number is a unique code allotted to each company registered in India, which reduces confusion by differentiating companies.
3. Transparency & Trust: CIN number helps in enabling regulatory bodies, stakeholders, and the public to access the company’s data, ensuring transparency and building trust.
4. Tracking Purpose: CIN registration helps in tracking a company’s compliance status and legal standing, which is essential for investors, partners, and other stakeholders.

How to obtain CIN for your Company?

Following are the steps one can follow in order to obtain a Corporate Identification Number for your Company:

• Step 01: Obtain DSC & DIN: In order to get your company’s CIN number, the first step includes obtaining DSC & DIN for your company.
• Step 02: Register on MCA Portal: Once you obtain the DSC & DIN for your company, register on MCA portal as a new user and link your DSC & DIN with your account.
• Step 03: Incorporation Process: Once you register successfully on MCA Portal, file the Incorporation Form and submit all the required documents such as MoA, AoA, Identity Proof of directors, Office Address Proof, etc.
• Step 04: Getting CIN for your Company: Once the MCA processes and approves your company, you’ll get the incorporation certificate. This Incorporation Certificate includes Corporate Identification Number.

Check Your CIN Status

In order to check your CIN Status, you need to follow these two simple steps. These steps are as follow:

• Step 01: Check CIN Status: Visit CIN Status Check Page by Bizfoc.
• Step 02: Use Company ID: Once you visit the page, enter your Company ID and click search. You’ll get all the details related to your Company including Corporate Identification Number Status.

Note: Your details are handled with utmost security on our platform. We do not use your details for any purpose other than CIN number verification. We ensure there is no unauthorized sharing or misuse of your data. You can confidently access our services knowing your privacy is fully protected.

Breakdown of CIN

The CIN or Corporate Identification Number can be broken down into 6 major sections. These 6 sections include specific details related to your Company. Here is the detailed breakdown of CIN number:

• Section 1: The first digit of the CIN number can be the alphabet ‘L’ or ‘U’ which represent either the company is ‘Listed’ or ‘Unlisted’ in the Indian stock market.
• Section 2: The next 5 digits of the CIN number represent the category of the economic activity which the company is doing. These 5 digits are categorized by the MCA (Ministry of Corporate Affairs) classified list allotted to each industry.
• Section 3: The next two digits represent the Indian State where the company is registered. For example: DL represents Delhi, MH will represent Maharashtra, etc.
• Section 4: The next four digits of the CIN number represent the year in which the Company is Incorporated.
• Section 5: The next three letters denote the company’s classification whether it is a private limited company, foreign company or owned by the Indian Government. It can be presented as FTC for Foreign Company, GOI for Indian Government, etc.
• Section 6: The last six digits of the CIN number represent the company’s registration number which is allotted by the ROC (Registrar of Companies).

Example: L 54321 MH 2014 PTC 012345, in this CIN number:
‘L’ means company is listed in Indian Stock Market,
‘54321’ is the business industry code,
‘MH’ stands for Maharashtra,
‘2014’ is the year of company incorporation,
‘PTC’ stands for Private Limited Company,
‘012345’ is the Company Registration Number.

Abbreviation in CIN

There are different codes used to represent the classification of a Company’s type. Following is the list of abbreviations used in CIN code for a Company’s Classification:

Penalty in case of Non-Compliance

In case of any non-compliance or default, the penalty can be charged of ₹1000/- per day on the defaulting company or on any officer responsible for the default. However, the maximum penalty can go up to ₹1,00,000 for the default. To avoid such a penalty, it is advised to hire a professional consultant who can complete CIN Registration on your behalf.

Why Bizfoc?

Choosing Bizfoc for your CIN Registration ensures a hassle free procedure handled by the experts. Our professional experts ensure accurate documentation and a smooth registration on your behalf. With transparent pricing and dedicated support, Bizfoc stands out as a trusted partner for all sizes of companies either small or large. Choose Bizfoc, and get your CIN Registration Now!

Conclusion

CIN Registration is a crucial step in establishing a legally recognized company in India. It is a unique code allotted to each company registered in India. This code contains 6 different sections and each section contains crucial information about the Company. CIN Registration in India is a mandatory registration in order to run any company either a private limited company or public limited company including Nidhi Company, One Person Company, etc. Registering a CIN for your company offers you certain benefits. One can check the CIN Status for their company in just two simple steps with Bizfoc.

Frequently Asked Questions (FAQs)