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When a company registration process is completed with the Registrar of Companies (ROC), it is given a 21-digit unique identification number by the ROC, which is called the company. registration number (CRN) or CIN.CIN is allotted to the company on the date of its registration. The CIN number is used to keep track of the company's activities. ROC Maintains the register of all the companies that obtain the CIN.
Obtaining a CIN number or the company registration number is mandatory for every registered company in India. But what is the company registration number? and why it is necessary for a company to obtain it. In this article, we will discuss all about the Company registration number or CIN.
The CIN (Corporate Identification Number) is a 21-digit distinctive number assigned to companies in India, regardless of their ownership structure, such as private limited companies, limited companies, and other registered organizations. It serves the purpose of establishing the legitimacy of an organization and plays a crucial role in the future identification of the company. If the company does not mention CIN, then the company and every officer in default shall be liable to a penalty of rupees one thousand for every day during which default continues but not exceeding one lakh rupees,
The responsibility of issuing the CIN number lies with the Registrar of Companies (ROC), which exists in each state. Business owners can approach the ROC experts to facilitate the incorporation of their companies and obtain the CIN number.
With the exception of some states in eastern India that lack a dedicated ROC, every state has its own CIN numbers. These unique identification numbers aid in identifying businesses and verifying the authenticity of a company. Furthermore, the CIN number enables seamless tracking of the basic information associated with a company.
CIN is proof that the business is registered with the Registrar of Companies(ROC).
CIN (Company registration number) comprises various information in it, such as:
After selecting the kind of business, your company will involve in, you can obtain the company registration number (CIN) by following these steps:
Moreover, once you have submitted all the required documents and incorporation forms, the Ministry of Corporate Affairs will assess and approve the application and issue the Company Registration Number (CIN).
A Company Registration Number is used to monitor and track the activities and operations of a company from the time of its incorporation by the Registrar of Companies (ROC). This unique 21-digit number must be displayed or provided in all transactions and documentation involving the respective state’s ROC.
The Company Registration Number carries significant meaning and can be easily interpreted, allowing for the extraction of fundamental information about a registered company under the Ministry of Corporate Affairs. It enables the retrieval of primary details and facilitates the identification and tracking of companies at various levels of information maintained by the MCA/ROC.
A unique Corporate Identification Number (CIN) is assigned to every company that is registered in India. The CIN can be modified under some circumstances, such as:
The Company Identification Number or Company Registration Number is a mandatory requirement for all registered companies in India. It must be displayed on various documents as followings:
If a company fails to comply with this requirement, it may face legal consequences.
