Simplified filings: RoC approval not required for most corporate actions

The govt has introduced a new system called "file and forget," which is part of its ongoing revamp of the statutory filing website, MCA21

The Ministry of Corporate Affairs (MCA) has simplified the process of corporate reporting. MCA has eliminated the need for approval by Registrars of Companies (RoCs) in most cases. This enables companies to fulfil their reporting obligations with an online acknowledgement, as two individuals aware of the development said, according to a report by Mint.