Quick Summary
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
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FAQ :
The MCA is planning staggered deadlines to address the overburdening of its portal servers during peak filing seasons, which often leads to glitches and slowdowns.
Companies and LLPs will be divided into four or five subsets, with each subset having a separate filing deadline.
No, this plan is similar to some deadlines under goods and services tax (GST) where certain filings have varying deadlines based on the taxpayer's region.
The number of new companies and LLPs incorporated in India has increased significantly, leading to a greater volume of MCA filings. Many professionals also tend to file in the last week before the deadline, causing a surge in traffic.
Yes, the ministry has received grievances from various stakeholders, including compliance professionals like company secretaries and chartered accountants, regarding portal glitches.
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