Abbreviations in Corporate Identification Number (CIN)
CIN (Corporate Identity Number) includes various codes that indicate a company’s ownership type and structure. Section-5 of the CIN reflects these abbreviations, each representing a different category of company:
PLC: Public Limited Company
PTC: Private Limited Company
OPC: One Person Company
NPL: Not-for-Profit Company registered under Section 8
FTC: Private Limited Company that is a subsidiary of a foreign company
FLC: Public Limited Company functioning as a Financial Lease Company
GAP: General Association registered as a Public entity
GAT: General Association registered as a Private entity
GOI: Company owned by the Government of India
SGC: Company owned by a State Government
ULL: Public Company with Unlimited Liability
ULT: Private Company with Unlimited Liability
How to track the CIN of your company
The CIN number of a company can be easily retrieved from the official website of the Ministry of Corporate Affairs (MCA) by selecting the "Find CIN" option under the MCA Services section. You can directly access the tool at https://mca.gov.in/mcafoportal/findCIN.do.
To find the CIN, you need to choose whether the entity is a company or a limited liability partnership (LLP), and then search using one of the following details:
Once the relevant information is filled in, enter the captcha code and click on ‘Search’ to view the CIN number.
CIN requirement for GST registration
Companies incorporated in India must have a valid Corporate Identification Number (CIN) to apply for GST registration. CIN verifies a company’s legal existence, making it a basic requirement for complying with tax regulations under GST.
Usage of Corporate Incorporation Number
Businesses registered in India must ensure their CIN is clearly mentioned across a variety of official and statutory documents. These include:
Payment documents such as receipts, invoices, and bills
Company communications, including memos and notices
All printed or digital letterheads
Financial documents such as audit reports and annual filings
Government submissions made through the MCA portal
Any formal or regulatory publications issued by the company
Required usage of CIN in corporate documentation
A company’s CIN must be included in various key documents and communications, such as:
Receipts and invoices
Official letterheads and notices
Annual reports and financial statements
All e-forms submitted on the Ministry of Corporate Affairs portal
Emails sent to external parties
Publications including journals, books, periodicals, and financial results
Bill heads and business correspondence such as letters and memos
Penalty for non-compliance of mentioning CIN
If a company fails to comply with the requirement of displaying its CIN, a penalty of Rs. 1,000 per day is levied on the defaulting company and each responsible officer for the duration of the non-compliance. However, the total penalty is capped at a maximum of Rs. 1,00,000.
When to update the Corporate Identification Number (CIN)
You need to update your company’s Corporate Identification Number (CIN) in these situations:
- Change in Ownership: When your company changes from, for example, a sole proprietorship to a private limited company.
- Moving Registered Office: If your company’s registered office shifts to another state.
- Change in Stock Market Status: If your company switches between being listed and unlisted on the stock market.
- Change in Industry Type: If your company changes the main industry it works in.
- Change in Registrar of Companies: If the office that manages your company’s registration changes.
Difference between CIN and LLPIN
Feature
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CIN (Corporate Identification Number)
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LLPIN (Limited Liability Partnership Identification Number)
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Applicable for
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Companies registered under the Companies Act, 2013
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Limited Liability Partnerships (LLPs) registered under the LLP Act, 2008
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Length
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21-digit alphanumeric code
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7-digit alphanumeric code
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Format
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Includes details like:
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Usually starts with a letter followed by numbers
|
|
• Listing status (L/U)
|
|
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• Industry code
|
|
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• State code
|
|
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• Year of incorporation
|
|
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• Company type
|
|
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• Registration number
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Issued by
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Registrar of Companies (ROC) under Ministry of Corporate Affairs (MCA)
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Registrar of Companies (ROC) under Ministry of Corporate Affairs (MCA)
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Purpose
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To identify and track companies for regulatory compliance
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To uniquely identify LLPs for regulatory compliance
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Legal basis
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Companies Act, 2013
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LLP Act, 2008
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Example
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U12345DL2023PTC123456
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AAA-1234
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Usage
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Required on business letters, invoices, and official documents
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Used in all official LLP filings and communications
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Conclusion
In conclusion, the corporate identification number (CIN) is a vital component of your business identity. It offers transparency, ensures regulatory compliance, and distinguishes your company in the crowded business landscape of India. While CIN and GST are distinct, they both play essential roles in the legal and financial aspects of your business. Understanding the importance of your CIN number is key to maintaining the integrity of your company and navigating the complex regulatory environment of the business world in India.
Additional Read: What is GSTR
Additional Read: What is GSTIN
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