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MCA Amendments 2023: Upgradation of E-Forms in tune with V3 portal

MCA Notification dated 21.01.2022 contains a list of notifications issued by the Ministry of Corporate Affairs during 2023 for making amendments to the provision of the Companies Act 2013 and Rules made thereunder. Amendment to Companies (Incorporation) Rule, 2014   The following forms are covered in the recent amendment SPICe+ PART A, SPICe+ PART B, INC-4, INC-13, INC-31, INC-33, INC-34, INC-9, AGILE PRO-S, URC-1. SPICe PART-A: NIC code 2008 introduced with the option of ..

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MCA 21 Version 3 LLP filing and Company Filing for 56 Forms

ANNOUNCEMENT Sub: MCA 21 Version 3- LLP filing and Company Filing for 56 Forms– Issues/ Feedback (If any)- Initiative of the Corporate Laws & Corporate Governance Committee of ICAI As you are aware, the MCA has migrated LLP filings to an upgraded Version 3 of the MCA- 21 Portal, and as the first phase, the go-live of the revised and enhanced LLP forms has commenced from 8th March, 2022. In the second phase, the Ministry of Corporate Affairs on 31st Aug 2022 at 12:00 AM has lau..

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All about MCA: MGT 7 Form

MGT 7 is a form that is required to be filed with the Ministry of Corporate Affairs (MCA) in India. It is a form for filing annual return by a company, it contains details of the company's shareholders and directors, and information on the company's financial performance. Who is eligible to file MGT 7 Form? MGT 7 Form is required to be filed by companies incorporated in India. It is an annual return that must be filed with the Ministry of Corporate Affairs (MCA) by all companies, i..

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FAQs/Clarification on MCA V-3

SHORT SUMMARY MCA has launched 56 forms of Companies Act, 2013 on its V-3 portal w.e.f. 23rd January 2023. There are many changes in the process of filing, information required to mention in forms, attachments of the forms etc. In this editorial author shall discuss some FAQs in relation to MCA V-3 Portal (specifically for 56 forms launched by MCA on 23.01.2023).   Question and Answers Que 1: What if Any of these 56 forms are in resubmission on 7th January 2023 (except Spice Part..

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Relaxation from compliance with certain provisions of SEBI Regulations, 2015

Ministry of Corporate Affairs ('MCA') vide its circular dt: December 28, 2022 allowed Companies to convene EGM or AGM through Video Conferencing (VC) of Other Audio Visual Means ('OAVM'). This extension is allowed till September 30, 2023. It has been seen that whenever MCA had allowed Companies to conduct meetings through VC or OAVM mode SEBI has granted relaxation in compliance with certain relevant provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations..

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MCA to release New Forms

MCA is set to release 56 New Forms this January 2023. 10 forms are to be released on the 9th January 2023 and the remaining 46 to be released on the 23rd January 2023. Where are the new forms available? The New forms shall be available on the V3 portal of the MCA website from 9th January 2023. Other Points to Note The 10 forms that are to be released on 9th January 2023  will be disabled on the V2 portal from January 7th 2023,12 :00 AM to 8th January 2023, 11:59 PM. The 46 ..

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MCA extension for conducting AGMs through VC or OAVM

Companies registered under Companies Act, 1956 or Companies Act, 2013 ('Companies') can now conduct their annual general meeting through Video Conferencing ('VC') or other Audio-Visual Modes (OAVM) till September 30, 2023.  Ministry of Corporate Affairs ('MCA') vide its circular dt: December 28, 2022 has granted an extension to its earlier circular dt: May 5, 2022, vide which Companies were allowed to conduct AGM through VC or OAVM mode till December 31, 2022. It ..

Posted in articles |   1122 Views


Web-based Form DPT-3 as per New Rules

Ministry of Corporate Affairs "MCA" has vide its notification dated 29th August, 2022 amended the Companies (Acceptance of Deposits) Rules, 2014 and introduced the new Web-based form DPT-3 under section 73 of Companies Act, 2013. On the introduction of the Web based Forms by MCA, the digitization reforms are boosted. The web-based Forms has also helped to widen the scope of information in the form of reporting by the stakeholders. The object was to institute a transparent and tec..

Posted in articles |   1 comments |   780 Views


MCA to launch 56 forms in two phases by 23rd January 2022

In our continuous endeavour to serve you better, the Ministry of Corporate Affairs is launching a 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 January 09, 2023 at 12:00 AM and the remaining 46 forms on January 23, 2022.   The following forms will be rolled-out on January 09, 2023 Sl. No. Form Num Form Name 1 SPICe+ PART A Application fo..

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MCA plans of introducing staggered deadlines for submission of compliance documents

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 weeks before t..

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Glitches in MCA portal: CAs, CS seek extension in annual filing deadline

In a multi-city protest on Monday, a large number of company secretaries (CS) and chartered accountants (CAs) came together to seek extension of the deadline for annual filing due to glitches in the ministry of corporate affairs (MCA) portal. According to the Companies Act, firms are supposed to submit Form AOC 4 for filing of the balance sheet within 30 days of holding the annual general meeting (AGM). This deadline was over on October 29. The professionals sat outside registrar offices i..

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Protest by CS at ROC office in Jaipur for extension of dates

Protest by CS Professionals at ROC Jaipur for MCA Portal Glitches Due to glitches on MCA Portal, many companies and professionals are not able to upload annual filing and other forms. Hence, a protest is held at ROC Jaipur by the professionals. Protest by CS at ROC office in Jaipur for extension of dates pic.twitter.com/gAfSgJ0JiU — CAclubindia (@CAclubindia) October 31, 2022 ..

Posted in news |   5652 Views


Filing E-Form 8 for LLPs on MCA V3 Portal

BEGINNER'S GUIDE TO FILING E-FORM 8 FOR LLPs: MCA V3 PORTAL Pursuant to Section 34(3) of the LLP Act, 2008 and Rule 24 of Limited Liability Partnership Rules, 2009, every Limited Liability Partnership, both Indian & Foreign, are required to file a Statement of Accounts & Solvency (E-Form 8) with the Ministry of Corporate Affairs within the 30th of October of every financial year. E-Form 8 states the financial details as on 31st of March of the immediately preceding financial ye..

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Due date for filing e-form DIR-3-KYC and web-form DIR-3-KYC-WEB without fee extended upto 15th Oct

General Circular No. 09/2022   F. No.8/4/2018-CL-I  Government of India  Ministry of Corporate Affairs  5th Floor, 'A' Wing, Shastri Bhavan,  Dr R.P. Road, New Delhi  Dated: 28th September, 2022  To  Director  General of Corporate Affairs,  All Regional Directors,  All Registrars of Companies,  All Stakeholders.  Subject: Extension of time for filing e-form DIR-3-KYC and web-form DIR-3-KYC-WEB without..

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MCA mandates companies to round off figures appearing in Financial Statements

  CLARIFICATION Amendment to Schedule III to the Companies Act, 2013 vide MCA Notification GSR. 207(E) dated 24th March 2021 mandates companies to round off the figures appearing in the Financial Statements depending upon their total income. However, if the companies provide absolute figures in e-forms ie. AOC-4, the same shall not be treated as incorrect certification by the Professionals. ..

Posted in news |   2 comments |   14022 Views


CSR Amendment Rules 2022

SHORT SUMMARY The Ministry of Corporate Affairs (MCA) has notified the amendment to the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022 mandating the companies having unspent CSR Accounts to form a CSR Committee. In this editorial, the author shall discuss the amendment made by MCA in CSR Provisions. MCA has made amendments in 3 rules of CSR i.e. Rule 3, 4 and 8. A. Rule 3: Corporate Social Responsibility In sub-rule (1) after provision "A new proviso ad..

Posted in articles |   17589 Views


MCA notifies Companies (CSR Policy) Amendment Rules 2022

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 20th September, 2022 G.S.R. 715(E).— In exercise of the powers conferred under section 135 and sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Corporate Social Responsibility Policy) Rules, 2014, namely:- 1. Short title and commencement. - (1) These rules may be called the Companies (Corporate Social ..

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Analysis of amendment to definition of small company u/s 2(85) and key considerations

The MCA vide its Notification No. G.S.R. 700(E) Dated 15th September, 2022 has yet again revised the definition of Small Company [Section 2(85) of The Companies Act, 2013]. Accordingly, the definition of Small Company under section 2(85) shall be read as under: Small Company means a company, other than a public company- paid-up share capital of which does not exceed four crore rupees or such higher amount as may be prescribed which shall not be more than ten crore rupees and turnov..

Posted in articles |   3 comments |   12354 Views


MCA revises threshold for paid up capital of small companies

MCA revises threshold for paid up capital of "small companies" Latest revision to facilitate Ease of Doing Business further and reduce compliance burden on "small companies" The Ministry of Corporate Affairs (MCA) has taken several measures in the recent past towards ease of doing business and ease of living for the corporates.  These included decriminalisation of various provisions of the Companies Act, 2013 & the LLP Act, 2008, extending fast track mergers to..

Posted in news |   1797 Views


MCA amends definition of small company

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 15th September, 2022 G.S.R. 700(E).- In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Specification of Definition Details) Rules, 2014, namely:- 1. Short title and commencement.- (1) These rules may be called Companies (Specification of definition details) Amendment Rules..

Posted in news |   4302 Views





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