Once the Ministry of Corporate Affairs (MCA) has approved your company name in SPICe+ Part A, the real incorporation work happens in Part B. SPICe+ Part B is Form INC-32, a single web form that does the job of many older applications at once: it registers the company, allots the Corporate Identity Number (CIN), applies for your directors' DIN, and secures the company's PAN and TAN. This lesson walks you through Part B field group by field group so you know exactly what to enter before you hit submit.
Before you open Part B
Two things must already be in place. First, your name should be reserved through Part A, or you can complete Part A and Part B together. Second, every proposed director and subscriber who will sign the form needs a valid Digital Signature Certificate (DSC), because Part B is a signed electronic filing. Part B is filled online, saved as a draft, converted to PDF, signed with DSCs, and uploaded on the MCA V3 portal.
DIN and director details
If a proposed director already holds a Director Identification Number (DIN), you simply enter it. If not, SPICe+ Part B itself applies for a fresh DIN, which is a major convenience. Note the limit: a maximum of three directors can be allotted a new DIN through this form (five for a Producer Company). If you have more directors without DIN than that, they must obtain their DIN separately first. For each director you enter personal details, nationality, and identity and address proof. PAN is mandatory for any Indian national who does not yet have a DIN.
Capital structure
Next you declare the company's capital. Part B asks for the Total Authorised Share Capital (the ceiling up to which the company can issue shares), the Total Subscribed Share Capital (what the first shareholders actually commit to), the nominal (face) value per share, and the breakup of share classes. There is no minimum paid-up capital requirement for a private limited company, so you can start small, but the numbers you enter here drive your stamp duty and must match your Memorandum of Association.
Subscribers and shareholding
Subscribers are the first shareholders who sign the Memorandum. For each subscriber you record identity details, PAN, and the number of shares taken. Every DIN and PAN used in the form must be unique and correctly linked. The shareholding entered here must add up to your subscribed capital. A person can be both a director and a subscriber, which is common in a founder-run startup.
e-MOA, e-AOA, INC-9, and certification
Part B auto-generates the linked forms. The e-MOA (INC-33) and e-AOA (INC-34) capture your objects and internal rules and are signed digitally by subscribers. The declaration by first directors and subscribers, INC-9, is also generated automatically in most cases. It must be attached as a separate PDF if the total number of directors and subscribers exceeds twenty, or if any of them has neither a DIN nor a PAN. The completed Part B must be certified by a practising Chartered Accountant, Company Secretary, Cost Accountant, or Advocate using their DSC.
Automatic PAN and TAN allotment
This is the step that saves founders the most time. You do not file Form 49A or 49B separately. Through the Income Tax Department integration built into SPICe+, the company's PAN and TAN are applied for inside the same form and allotted automatically. When the Registrar approves your application, the Certificate of Incorporation is issued with the CIN, PAN, and TAN printed directly on it. The linked AGILE PRO-S form (INC-35) filed alongside Part B additionally opens EPFO and ESIC registration, a mandatory bank account, and optional GSTIN.
In short, one certified, DSC-signed Part B submission turns your approved name into a fully registered company with a director DIN, PAN, and TAN in hand. Enter your capital and shareholding carefully, keep every DIN and PAN unique, and match your numbers across the form and the Memorandum before you upload.