Guide to CIN Numbers (What is CIN Number, How To Obtain It, Definition, Utility)

What is a CIN number?

CIN means Corporate Identity Number. It is a 21-digit alphanumeric code assigned to One Person Companies, Public Companies, Private Companies, limited liability partnerships, governmental organisations, government entities, non-governmental organisations, not-for-profit organisations, and so on that are registered with the Registrar of Companies. CIN means Corporate Identity Number. It is a 21-digit alphanumeric code assigned to One Person Companies, Public Companies, Private Companies, limited liability partnerships, governmental organisations, government entities, non-governmental organisations, not-for-profit organisations, and so on that are registered with the Registrar of Companies. According to Section 12(3)(c) of the Companies Act of 2013, every company must have its name, registered office address, and Corporate Identity Number, as well as telephone number, if any, website addresses and email, if any, printed in all its letter papers, billheads, business letters, and notices and other publications.

The Registrar of Companies (ROC) issues the CIN number to uniquely identify a business that is managed and overseen by each state under the Ministry of Corporate Affairs (MCA) and the Government of India. Details about firms registered in India via MCA may be found on the MCA’s official website, www.mca.gov.in.

Significance of the CIN of the Company

The CIN is used to monitor all elements of a company initiating its establishment. If you have to send letters to anybody or publish something, you must provide the CIN. So it simply functions as the business’s representative number that is unique to them throughout India. When translated, the alphanumeric characters correspond to significant firm information. 

All official corporate letterheads, invoices, publications, notifications, e-forms on MCA’s website, bills and letters need to have the CIN. For informational reasons, this number may be used to trace and identify firms that are already registered with the MCA or ROC.

Usually, when a company applies for a business loan application, some banks require a declaration of CIN number, which makes it easy to get unsecured business loans or working capital loans. So the CIN number is significant for business loan eligibility.

CIN Full Form In GST and Decoding

CIN is Corporate Identity Number.

Listing status 

The initial letter of the CIN indicates whether or not a firm is listed. The letter L typically denotes listed status, whereas the letter U denotes unlisted status.

Industry code

The next five numbers represent the industry code of ROC. The numbers will alter as per the industry, and this is needed to identify the sort of firm.

State code 

The seventh and eighth numbers show the state’s code for the company’s location. If the corporation is in Gujarat, for example, the 7th and 8th alphabetic codes will be GJ, and likewise for other states.

Year of incorporation 

Digits nine to twelve represent the company’s incorporation year. The figures will fluctuate depending on the incorporation year.

Ownership type

The next three letters represent the business’s ownership type. PLC stands for public limited corporations, whereas PTC stands for private limited firms.

Registration number

The registration number for the corporation is the last six digits of the CIN.

How can you obtain a CIN for your business?

When you register your business with the ROC (Registrar of Companies), you will be assigned a CIN. A CIN is obtained through no distinct process. The business will be established after obtaining a DSC (digital signature certificate), a DIC (Director identification number), having the name authorised, and finishing the necessary paperwork such as the AoA (Articles of Association) and the MoA (Memorandum of Association). A CIN number will be included in the provided certificate of the establishment.

In essence, the CIN is obtained when the firm is registered with the ROC. There are no other ways to obtain the CIN. This is something you receive when you register your firm.

Keeping track of your company’s CIN

It is simple to keep track of the CIN. All you have to do is go to the MCA’s (Ministry of Corporate Affairs) official website and click on ‘Find CIN’ under ‘MCA services’ menu. Here is a link which directs you to the page. You must submit your company information, and once completed, you will receive your CIN number.

Conclusion

This article discusses the features of a CIN number and how to obtain a CIN number. If you are carrying on a business, you must have a CIN number. This allows the official authorities to follow the firm and ensure that all is running well. A CIN is a unique 21-digit number assigned to your company. You must submit all the necessary documentation for the company’s registration before receiving your CIN. Obtaining a CIN indicates that you are validated to conduct business affairs in India and that your company is legally recognised by the MCA.

 Frequently Asked Questions about CIN Number:

1) How do you alter your CIN?

The CIN cannot be modified; nevertheless, it will automatically change if the declared status,  industry of the business or registered office location changes.

2) What does CIN stand for?

CIN is an acronym that stands for Corporate Identification Number, Corporate Identity Number, or Company Identity Number.

3) How can you learn about a company’s stock exchange listing status using its CIN?

A firm’s listing status in a stock market may be determined by its CIN, as the first letter of the CIN is either L or U, where L indicates that the company is traded publicly, while U denotes that the corporation is not traded publicly.

4) How can you acquire a CIN for your business?

You can receive a CIN by obtaining a Digital Signature Certificate (DSC), a Director Identification Number (DIN), having the name authorised, and filing incorporation paperwork, which includes the Company Memorandum of Association and Articles of Association. After creating the business, you will obtain a Certificate of Incorporation from the Registrar of Companies, which will include your firm’s CIN.

5) Where are company registrars located?

Companies have registrars in every state and have a concentration in northeastern states and union territories.

6) Is a CIN necessary for Section 8 corporations as well?

Yes. Section 8 corporations, like other businesses, must have a CIN and include it in crucial papers. Section 8 corporations would have the ownership code NPL.