The Ministry of Corporate Affairs (MCA) has released a second set of company forms, totalling 56 forms in two lots for shifting forms from Version 2 to Version 3 (MCA21 V3 portal). 10 of the 56 forms are already available from January 9, 2023, and the remaining 46 forms will be available from January 23, 2023. This article focuses on all the answers to your questions on shifting forms from MCA V-2 to MCA V-3.
The MCA has used this portal to upgrade the current portal from Version 2 to Version 3. V3 is an improved version of the V2 site which is only available to LLPs. For LLPs, the V3 site currently permits the following:
On March 8, 2022, the above services on the V3 portal were launched.
Any of the following can access and submit all forms as a business user. Between V2 and V3, a business user’s name or role remains unchanged. You can pick the category that best fits your needs.
According to the MCA website, PAS-3 filings on the V-2 portal are now permitted until January 19, 2023, and PAS-3 will be accessible on the V-3 portal from January 23, 2023. Therefore, PAS-3 form extension will not be applicable.
According to an update notification on the MCA website, none of those 46 forms should be pending resubmission. If any of your applications are revised on January 7, they would need to be submitted once again on the V-3 portal by January 23.
MCA has extended the deadline by 15 days. Therefore, Actual Date + 15 Days = New Due Date, which shall be used for all 46 forms.
According to MCA Circular No. 2, GNL-2 and MGT-14 may only be filed during the transitional phase with regard to prospectus-related documents.
According to MCA Circular No. 2, MGT-14 may only be used to file prospectus-related documents during the transition period. Therefore MGT-14 for a private placement of shares cannot be filed during the transition period.
According to Section 42 of the Companies Act,2013, a Company is required to submit MGT-14 to the ROC before issuing an Offer Letter for a Private Placement of Shares. The companies are not permitted to open any new private placement offers from January 7 to January 22 as MGT-14 filings are not permitted during that time.
The Limited Liability Partnership (LLP) forms have been moved to Version 3 of the portal, however, Company forms are still in Version 2. To ensure a seamless transition of the portal, this migration is being done in stages.
You can begin filling out LLP-related forms as soon as you register in V3 as a new user. However, it would take 4 to 5 hours for the User registration to function properly in V2 filings for Companies. After completing registration, users will receive 2 unique passwords, one for LLP filing and one for company filing.
The following information will be required for registration based on the user’s category. Some requirements are common to all categories, while others have unique data requirements. A few of the common requirements are detailed below.
Read more on List of Company Forms: New Company forms on 9 and 23rd January
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