Main Division of Industrial Activity Code and Business Code of the Company

In India, MCA or the Ministry of Corporate Affairs has published a separate list of Industrial Activity Codes & Business Codes for Company Registration or LLP Registration. The Ministry of Corporate Affairs has published a list of Industrial Codes and it’s a selected version of NIC Classification summarized by the MCA. It’s a 2-digit code representing the main divisions of NIC Classification. Industrial Activity Code & Business Code is necessary for Filing SPICe+ Forms for Company Registration & FiLLip Forms for LLP Registration. In the case of a Company, the selected code becomes part of the CIN (Corporate Identification Number). In case of filing SPICe+ Part B for Company Incorporation while filing FiLLiP for the LLP Registration, this Business Code is to be filed based on the business activities of the LLP or Company. In this article, we will discuss the list of main division of Industrial Activity Code and Business Code of the Company for SPICe+ Company and FiLLiP LLP Registration.

In India, every company registered on or after Feb 23, 2020 is required to apply for the Reservation of Name & Company Incorporation through the new web services. This new facility facilitates all the applicants who want to apply for the Company Name, Incorporation Services & other integrated services at the same time. Such applicants can do so by completing Part A & B of the SPICe+ Form. MCA has undertaken many amendments to simplify the Company Registration process in India. Instituting the SPICe+ is one of the main steps to ease the Company Incorporation process and promote the ease of doing business in India.

• SPICe+ Part-A Form: This Form is the portion where all the information regarding a new Company’s Name Reservation must be entered. This form can be submitted separately without Part-B for the Name Reservation only or it can be submitted in tandem with the Part-B form for the Incorporation as well as other integrated services.
• SPICe+ Part-B Form: This form offers following services:

1. Incorporation;
2. Issuance of PAN & TAN;
3. Issue of EPFO Registration;
4. Issue of ESIC Registration;
5. DIN Allotment;
6. Mandatory issue of Professional Tax Registration only for companies to be registered in Karnataka, West Bengal, and Maharashtra;
7. Mandatory opening of Company’s Bank Accounts;
8. Allotment of GSTIN (optional);
9. Allotment of Shops & Establishment Registration (only for Delhi);

Following is the list of main division of Industrial Activity Code and Business Code of the Company in India:

Industrial Activity Code

Business Code

LLPs (Limited Liability Partnerships) & Companies must incorporate under the main division of Industrial Activity Code and Business Code published by MCA. The MCA has summarized a selected version of the NIC Classification into a list of industrial activity codes. There are 2 digits in the code, which represent the main code numbers of the NIC Classification and it is used to maintain & develop a comparable database for various economic activities.