Centre Hastens Rollout Of MCA21 Version 3.0, First Set Of Nine Forms To Be Launched On Aug 31

In our continuous endeavour to serve you better, the Ministry of Corporate Affairs is launching first set of Company Forms on MCA21 V3 portal. These forms will be launched on 31st Aug 2022 at 12:00 AM. Following forms will be rolled-out in this phase: DIR3-KYC Web, DIR3-KYC Eform, DPT-3, DPT-4, CHG-1, CHG-4, CHG-6, CHG-8 & CHG-9. To facilitate implementation of these forms in V3 MCA21 portal, stakeholders are advised to note the following points:

  • Company e-Filings on V2 portal will be disabled from 15th Aug 2022 12:00 AM for the above 9 forms. All stakeholders are advised to ensure that there are no SRNs in pending payment and Resubmission status.
  • Offline payments for the above 9 forms in V2 using Pay later option would be stopped from 07th Aug 2022 12:00 AM. You are requested to make payments for these forms in V2 through online mode (Credit/Debit Card and Net Banking).
mca
Company e-filings on the version 2.0 portal will be disabled from August 15 for these nine forms.

The Corporate Affairs Ministry (MCA) has taken the next major step in the implementation of MCA21 Version 3.0, India’s first mission mode e-governance initiative. According to insiders, it has chosen to begin onboarding corporates currently using Version 2.0 by the end of August.
According to sources, MCA has picked nine forms — DIR3-KYC Web, DIR3-KYC Eform, DPT-3, DPT-4, CHG-1, CHG-4, CHG-6, CHG-8, and CHG-9 — that would be the first set to be launched on the MCA21 V3 portal on August 31.

With this planned move, the MCA has now decided that Company e-Filings on the V2 portal would be disabled for these nine forms beginning August 15, 2022.

MCA Secretary Rajesh Verma told BusinessLine in June that Version 3.0 of MCA21 would be fully rolled out within the next two to three months (by August).

MCA is developing version 3.0 in stages and making mid-course modifications depending on feedback. For limited liability partnerships, the Version 3.0 module has already been installed (LLPs).

mca

MCA 21 is the MCA’s internet portal that makes all company-related information available to stakeholders and the general public. It was first introduced in 2006.

MCA21 V3.0 is operated and maintained by L&T Infotech under a contract.

According to a company law expert, Version 3.0 is a “game changer” for MCA since it will be able to employ the latest technology capabilities accessible through this module to gain a good hold on the extent and quality of compliances made by Corporate India.

Finance Minister and Corporate Affairs Minister Nirmala Sitharaman said during the presentation of the Budget for 2021-22 that the government would use data analytics, artificial intelligence, and machine learning to launch MCA 21 3.0, which will include features such as e-scrutiny, e-consultation, e-adjudication, and compliance management, among others.

Read More: SOME MISTAKES TAXPAYERS USUALLY MAKES WHILE FILING THEIR INCOME TAX RETURNS

This project has planned a microservices architecture with great scalability and excellent analytics capacity. It adheres to global best practises and is supported by developing technologies such as Artificial Intelligence (AI) and Machine Learning (ML). MCA21 V3.0’s first phase, released last year, included a redesigned website, improved email services for MCA Officers, and two new modules, eBook and eConsultation.

MCA has been aiming to collaborate with three professional institutes — the CA Institute, the Company Secretary Institute, and the Cost Accountants Institute — to implement the various modules in MCA21 V3.0.

MCA21 V3.0 is planned to serve as a catalyst for a transformation of the country’s corporate compliance, culture, and corporate regulatory environment toward openness, simplification, and addressing the demands of many stakeholders.

MCA21 V3.0 is expected to improve user experience, tighten enforcement, and permit seamless integration and data interchange among authorities.

It will not only improve existing services and modules, but will also add new features such as e-adjudication, a compliance management system, an advanced helpdesk, feedback services, user dashboards, self-reporting tools, and redesigned master data services.