How have MCA-21 glitches impacted businesses in India, and what steps is the government taking to address it
Government to consult practitioners on MCA-21 glitches
- Delayed filings and approvals: Glitches in MCA-21 have caused delays in filing statutory documents and obtaining approvals from the MCA. This has affected the compliance status of many businesses and led to penalties and fines.
- System downtime: Users have reported instances of MCA-21 being inaccessible or slow, preventing them from filing documents and conducting other transactions.
- Increased workload for professionals: Due to the glitches, professionals such as chartered accountants and company secretaries have had to spend more time on compliance activities, which has increased their workload and costs.
- Consulting with practitioners: The government has formed a committee of professionals to study the MCA-21 glitches and suggest solutions. The committee will consult with stakeholders and practitioners to understand the issues and recommend changes.
- Improving infrastructure: The government has launched a project called MCA-21 V3, which aims to upgrade the portal's infrastructure and make it more user-friendly. The project will involve the development of new features and the integration of various systems.
- Providing support: The MCA has set up a helpdesk to assist users with any queries or issues they may encounter while using MCA-21.
Answered
a year ago