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MCA update on V3 – PArt 1

CSLalit Rajput
MCA21 Version 3 Project Enhances Business Ease with AI, Machine Learning; New Company Forms Live September 1, 2022. The MCA21 Version 3 Project is a technology-driven initiative aimed at enhancing enforcement, promoting ease of doing business, and improving user experience through advanced analytics and seamless data integration among regulators. The rollout is phased to minimize disruption, with nine company forms scheduled to go live on September 1, 2022. While LLP filings will be temporarily unavailable from August 27-28, company filings on the older portal remain accessible. Phase 1 completed in May 2021 introduced e-Book and e-Consultation modules, while Phase 2 launched the LLP Module in March 2022, utilizing AI and machine learning for improved functionality. (AI Summary)

MCA update on V3 – PArt 1

About MCA Version V3:

MCA21 V3 Project is a technology-driven forward looking project, envisioned to strengthen enforcement, promote Ease of Doing Business, enhance user experience, facilitate, seamless integration and data exchange among Regulators. The project will have Micro-services architecture with high scalability and capabilities for advanced analytics.

MCA21 version-3.0, envisioned to strengthen enforcement, promote Ease of Doing Business and rollout has been planned in phases to ensure minimum disruption in regulatory filings.

Key Updates:

  • 09 company forms (CHG-1,CHG-4, CHG-6, CHG-8, CHG-9, DIR-3 KYC,DIR-3 KYC WEB, DPT-3 and DPT-4) are scheduled to go-live on 01.09.2022 (00:00 hrs).
  • Remaining company forms and other modules like e-Adjudication, Compliance Management System are scheduled to be fully deployed within this Calendar Year.
  • In view of the upcoming launch of 09 Company forms in version-3, LLP filings on MCA21 V-3 portal will not be available from 27th Aug (00:00AM) to 28th Aug (23:59hrs).
  • However, MCA21 V-2 Portal for company filings will remain available.
  • Phase-1 of rollout was completed on 24th May 2021 with launch of e.Book, e. Consultation Modules and a revamped website.
  • As part of Phase-2, LLP Module for supporting all LLP filings was launched on 08th March 2022.
  • The 3rd version of the portal, a key platform to submit the required documents and filings under the Companies law and the Limited Liability Partnership Act, has leverage analytics, artificial intelligence and machine learning.

Source / Link: Press Release

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