Ministry of Corporate Affairs has made it mandatory to use the upgraded MCA21 V3 portal for all company filings. This includes Annual Returns (MGT-7), Financial Statements (AOC-4), and Director KYC (DIR-3 KYC).
In its push for an end-to-end digital architecture, the Ministry of Corporate Affairs (MCA) has entirely phased out the V2 portal for major corporate filings. Now, the MCA21 V3 portal is fully mandated for forms such as MGT-7, AOC-4, and Director KYC processes. Despite early technical teething issues, the new dashboard promises better analytics, proactive alerting mechanisms, and a more streamlined document parsing infrastructure.
Impact and Action Required
Given the rapidly evolving regulatory landscape, this update may significantly impact your standard compliance flows. Our analysts recommend immediately verifying your internal accounts against the new standards. Reach out to our specialized advisory desk for a custom consultation regarding this change.
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