Corp Affairs Min looks to simplify statutory filing procedures

The Corporate Affairs Ministry has set up an internal committee to review e-Forms as well as the overall filing process, as part of efforts to simplify procedures for stakeholders under the new companies law.
The Ministry is responsible for implementation of Companies Act and all entities registered under this law have to make their filings to the Ministry through MCA21 portal.
Companies are required to submit their filings electronically through MCA21.
An internal committee, which has been recently set up, would look at simplifying the e-Forms, their filing process and requirement of attachments under the Companies Act, 2013.
"The committee will suggest changes required for simplification and removal of difficulties faced by stakeholders in filing e-Forms," the Ministry has said in its monthly newsletter for October.

In recent times, the Ministry has issued many circulars and notifications with regard to the new companies law -- whose many provisions came into effect from April 1 this year.

Among others, four new e-Forms were introduced while two others were modified in September.
The new e-Forms introduced are MGT-10 (changes in shareholding position of promoters and top ten shareholders), DPT-4 (statement regarding deposits existing on the commencement of the Act), DIR-3C (intimation of Director Identification Number by the company to the Registrar DIN services) and ADT-3 (notice of resignation by the auditor).
Two e-Forms -- DIR-3 (application for allotment of Director Identification Number) and DIR-6 (Intimation of change in particulars of director to be given to the central government) -- were modified.

Meanwhile, the MCA21 portal registered more than 15 lakh filings last month.
"MCA21 portal recorded 15 lakh plus filing in the month of October 2014, during which daily filing exceeded 100,000 on four occasions. It is a new record in terms of single month filing till date," the Ministry has said in a communication.