The Finance Ministry on Tuesday took cognisance of the technical glitches being faced by the companies while filing incorporation documents on the newly-launched MCA21 V3 portal, saying that the Corporate Affairs Ministry is working in cooperation with Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI), and consultants Ernst & Young to resolve the matter on priority.
"Many users of MCA21 portal have reported facing technical issues at the time of filing, since the launch (23rd January 2023) of the new forms under Version 3. @MCA21India has been working along with @theicai, @icsi_cs, @LTIMindtreeOFCL and consultants (EY @EY_India and NISG @NISGsmartgov) to solve the matter expeditiously," Finance Minister Nirmala Sitharaman's office said in a tweet.
The Finance Minister's office responded to the matter after the Corporate Affairs Ministry earlier in the day undertook a review of the matter.
The Corporate Affairs ministry has been directed by the Finance Minister's office to form a special team to address public grievances on priority. The Corporate Affairs Department has also been asked to monitor the matter on a daily basis.
Ever since the MCA21 V3 (version 3) portal was launched on January 23, several entities have been facing issues while filing incorporation documents on it. The portal is used by companies for making regulatory filings like PAS-3, which are needed to be filed before they can use funds raised from investors.
Even new entities are learnt to be facing issues with the portal.
The government had transitioned to V3 from V2 on January 23 and ever since then both listed as well as unlisted companies have been facing technical glitches while filing regulatory documents.
--IANS
ans/vd
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app