In our continuous endeavor to serve you better, the Ministry of Corporate Affairs is launching the Second set of Company Forms

 

covering 56 forms in two different lots on the MCA21 V3 portal.

 

10 out of 56 forms will be launched on 09th January 2023 at 12:00 AM and the remaining 46 forms on 23rd January 2023.

 

 

The following forms will be rolled-out on 09th January 2023:

SPICe+ PART A, SPICe+ PART B, RUN, AGILE PRO-S, INC-33, INC-34, INC-13, INC-31, INC-9, and URC-1.

46 forms which will be rolled out on 23rd January 2023.

 

To facilitate the implementation of these forms in the V3 MCA21 portal, stakeholders are advised to note the following points:

(1) Company e-Filings on the V2 portal will be disabled from 07th January 2023 at 12:00 AM to 08th January 2023 at 11:59 pm for 10 forms which are planned for roll-out on 09th January 2023.

 

(2) Company e-Filings on the V2 portal will be disabled from 07th January 2023 at 12:00 AM to 22nd January 2023 at 11:59 pm for 46 forms which are planned for roll-out on 23rd January 2023.

 

(3) All stakeholders are advised to ensure that there are no SRNs in pending payment and Resubmission status.

 

 

(4) Offline payments for the above 56 forms in V2 using the Pay later option would be stopped from 28th December 2022 at 12:00 AM.

 

You are requested to make payments for these forms in V2 through online mode (Credit/Debit Card and Net Banking).

 

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(5) In view of the upcoming launch of 56 Company forms, the V3 portal will not be available from 07th January 2023 at 12:00 AM to 08th Jan 2023 at 11:59 pm due to the 10 company forms roll-out and from 21st January 2023 to 22nd January 2023 for 46 company forms roll-out.

 

(6) V2 Portal for company filing will remain available for all the forms excluding above mentioned 56 forms.

The Ministry of Corporate Affairs (MCA) is planning to introduce staggered deadlines for the submission of compliance documents, said a senior government official.

 

The move is aimed at addressing overburdening of the MCA portal servers during the peak filing season, which often leads to glitches or slows down the portal.

 

Currently, companies and limited liability partnerships (LLPs) have the same filing deadline, due to which the servers receive huge traffic in the last one-two week before the filing deadline. The MCA now wants to divide the companies and LLPs into four or five subsets, with each having a separate filing deadline.

 

 

This plan is akin to some of the deadlines under goods and services tax where certain kinds of filings, such as the submission of GSTR-3B quarterly filings, come with varying deadlines depending on the region of the taxpaying entity.

 

“The MCA will definitely increase the portal’s server capacity over the period, but one also needs to look at its utility. During non-peak seasons, it doesn’t witness any major traffic and the current capacity is more than enough,” said the official. “So, instead, we can regulate the traffic by setting different deadlines for different regions. There will be around four-five different regions across the country.”

 

The development assumes significance as the number of new companies and LLPs incorporated in India has increased massively over the last three years. As of September 2022, there are nearly 1.5 million active companies and around 2,50,000 active LLPs, according to the latest MCA data. In the last three years, nearly 2,40,000 new companies have come into existence. This has increased the number of MCA filings as well.

 

 

The ministry has received grievances from several stakeholders regarding the portal glitches, including from compliance professionals such as company secretaries and chartered accountants. For instance, the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India made representations to the MCA in late October seeking an extension for the AOC-4 form filings, citing technical glitches in the MCA portal. Many professionals have also expressed grievances on social media platforms.

 

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“Many of the companies and professionals choose to do their filings in the last week before the deadline, leading to an abnormal surge in the portal traffic during the peak season. This should be avoided,” the official said. “Depending on the increase in the traffic, the MCA will take a call on transitioning to a cloud server system which will allow a large increase in the capacity.”