-
Mar 11, 2023
-
Version 3 portal for corporate filings faces technical glitches
Companies continue to face technical challenges in using the ministry of corporate affairs’ (MCA) upgraded Version 3 portal for corporate filings, despite the government’s efforts to address such problems. According to sources, industry associations may seek physical filings of more forms until the portal is fully functional. As of now, such a special dispensation for filing in physical mode has been given for eight forms. The sources said that the improvement on the portal has been very slow and most issues remain unresolved, even though a high-level panel is understood to be reviewing the issue. A number of users have also taken to social media and have submitted their complaints to the specially set-up help desk of the MCA. Sumit Maheshwari, partner, Ashok Maheshwary & Associates, a chartered accountant firm, said, “Subsequent to the transition, a lot of teething issues are being encountered by the stakeholders across India, causing delays in filings of various forms. While the filings are delayed, the failure to generate OTPs to create a login and conduct KYC’s, especially for overseas and foreign directors, has been difficult. Forms flash multiple errors as the website is undeveloped and under the correction phase.”
|