A Corporate Identification Number is a unique identification number that is assigned by the Registrar of Companies (ROC).
Corporate Identification Number sometimes referred to as CIN is a unique identification number that is assigned by the ROC (Registrar of Companies) of various states under the MCA (Ministry of Corporate Affairs).
Corporate Identity Number is a 21 digits alpha-numeric code issued to companies incorporated within the country on being registered by the ROC situated in different states across India.
CIN is used for tracking all the aspects of a company from its incorporation by the ROC (Registrar of Companies) and is required to be provided on all the transactions with the respective Registrar of Companies.
The 21 digit CIN has its own meaning which is easily translatable and which helps in finding basic information relating to a company. It is used for finding the primary details of the companies which are registered within the country under MCA.
CIN is a unique number that can be used for identifying or tracking companies for several levels of information that ROC / MCA holds.
For every Public and Private Limited, the company which is established in India needs to quote its Company Identification Number on various documents which include:
In case the above-mentioned requirements aren’t adhered to, there’s a penalty of INR 1,000/day on the defaulting company and on its, every officer is in default, till such default continues. However, the maximum penalty for this default is limited to INR 1,00,000.
CIN which is provided to every registered company for the purpose of identification can be changed in certain cases such as: