Extending deadline not enough, MCA portal needs fixing, say experts

Despite the MCA extending its filing deadline to December 31, professionals say persistent glitches on the new version 3 portal continue to stall compliance work

Professionals, such as company secretaries and chartered accountants, have raised several technical issues with the new version 3 portal, which has delayed annual filings.

 

Even though the Ministry of Corporate Affairs (MCA) has extended the deadline for filing forms till December 31, professional service providers feel it is not enough and does not address the issues at hand.

 

“For the time being, extension is given after professionals have gone and requested for it, but what about all the working hours we have wasted in these filings. Filing is just the information side of compliance, not compliance itself. Responsibility and accountability