2 hrs ago
India's Corporate Filing Process To Become Faster, Hassle-Free
India's corporate affairs department wants companies to complete their yearly paperwork more easily.
Secretary Pallavi Jain Govil said the process should become simpler and faster.
Officials met company experts and industry representatives in Indore to discuss problems.
They talked about filing forms on the ministry's online MCA-V3 portal.
Some users have faced technical difficulties with the portal.
The ministry said it is working to improve the portal's capacity.
It also plans to fix technical glitches.
Companies were asked not to wait until the last day to file their documents.
Industry representatives submitted suggestions for improving the process.
Corporate Affairs Secretary Pallavi Jain Govil said annual filing will be made simpler, faster and hassle-free.
The Ministry of Corporate Affairs held a stakeholder session in Indore ahead of the peak annual filing season.
Discussions focused on technical and practical difficulties with e-forms on the MCA-V3 portal.
The ministry is working to increase portal capacity and resolve technical glitches, Govil said.
Companies and professionals were urged to file annual returns and financial statements before the deadline.
- Who
- Pallavi Jain Govil, the secretary of India's Ministry of Corporate Affairs, along with industry representatives, company secretaries, chartered accountants and corporate professionals.
- What
- A stakeholder session was held to improve the annual corporate filing process and address difficulties with e-forms on the MCA-V3 portal.
- Where
- At a hotel on AB Road in Indore, Madhya Pradesh.
- When
- The session took place on Thursday, ahead of the upcoming peak annual filing season.
- Why
- To make annual filing simpler, faster and more transparent, while resolving technical and practical challenges.
Key facts
- Official
- Pallavi Jain Govil, secretary of the Ministry of Corporate Affairs
- Event
- Interactive stakeholder session on annual corporate filing
- Location
- Indore, Madhya Pradesh
- Portal
- MCA-V3 portal
- Forms discussed
- AOC-4 and MGT-7, among other e-forms
- Ministry action
- Enhancing portal capacity and resolving technical glitches
- Industry input
- The Association of Industries Madhya Pradesh submitted a memorandum of suggestions
Quotes
Pallavi Jain Govil
Secretary in India’s Union Ministry of Corporate Affairs
“the goal is to make this year's annual filing process simpler, faster, and hassle-free with the cooperation of all stakeholders.”
freepressjournal.in
Sources
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