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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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