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      Question

      In India, the simplified integrated electronic form

      known as SPICe was introduced by the Ministry of Corporate Affairs primarily to streamline and simplify which of the following business processes?
      A Filing of financial statements Correct Answer Incorrect Answer
      B Company incorporation Correct Answer Incorrect Answer
      C Annual tax return submissions Correct Answer Incorrect Answer
      D Change in directors Correct Answer Incorrect Answer
      E Transfer of company shares Correct Answer Incorrect Answer

      Solution

      SPICe (Simplified Proforma for Incorporating Company Electronically) is a digital initiative by the Ministry of Corporate Affairs to streamline company incorporation by integrating processes like name reservation, PAN, TAN, and GST application in a single form.

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