While expanding your business or incorporating a company, you must have come across a term called CIN. Did you ever wonder, what is the meaning of this term, why it is used or how can one obtain CIN? Well, if these questions ever crossed your mind, but you did not have an apt answer for them, then read on, as we will give all the minute details related to CIN.
Before we get going with the particulars of CIN, let us first introduce you to some basic details associated with it.
What is CIN?
CIN or Company Identification Number is a unique identification number, that is assigned by the RoC or Registrar of Companies of the different States, under the supervision of MCA. It is a 21-digit alpha-numeric code, that is issued to the companies being incorporated or that are being registered under RoC in any State across India.
Why is CIN required?
This unique identification number is of primary importance while tracking different aspects of a company being incorporated by the Registrar of Companies. It has its own meaning, which aids in decoding the basic details of a company, that are registered across India under Ministry of Corporate Affairs. It is also of sheer importance while digging up a few layers of information that RoC/ MCA holds about a company.
How to break down this Unique Code?
Here is how you can break down this Unique Code by understanding the steps mentioned below.
- The first letter of this code tells you about the status of the company on the Indian Stock Market list. If the CIN starts with the letter “L” then the company is listed and if it starts with the letter “U” then it is unlisted.
- The next five digits tell you about the economic nature or the industry in which the company functions. MCA has allotted a unique number to every industry.
- The two letters following the numbers denote the name of the Indian State, where the company is registered. For eg: If the company is registered in Uttar Pradesh, the two letters following the set of numbers will be UP.
- The next set of 4 numeric-digits signifies the year of incorporation of the company.
- The following three letters signify the company classification. These 3 letters help in identifying whether the company is a private limited company or a public limited company. If the number says FTC, then it will mean that, such company is a subsidiary of any foreign company or if it’s GOI, it will signify that the company is owned by the Indian Government. The various other statuses are as follows:
- PTC: Private Limited Company
- PLC: Public Limited Company
- SGC: Company of State Government
- OPC: One-person Company
- NPL: Section 8 Company or Non-profit organization
- The last 6 numeric digits tell you the registration number provided by the respective Registrar of Companies (ROC) to the company.
Where is CIN mentioned?
Any private limited or public limited company, which is established in India is supposed to mention their Company Identification Number on the following documents: –
- On the company’s Invoices and Receipts
- On Notices
- On Letterheads
- Annual Reports
- Every e-form filed by the company on the MCA portal.
- On any other publications