Applicable Act/Rule: Companies Act, 2013
The Ministry of Corporate Affairs, with technical support from the Indian Institute of Corporate Affairs, has issued a concept note for stakeholder consultation on rationalisation of the MCA filing framework under the Companies Act, 2013. The consultation forms part of a multi-city consultation series scheduled during April–May 2026, with the last date for submission of comments as May 15, 2026.
The consultation document outlines the existing MCA filing architecture and seeks stakeholder inputs on restructuring filings across the corporate lifecycle, including incorporation, ongoing compliance, and exit. It covers forms prescribed under various chapters of the Companies Act, 2013, and includes areas such as incorporation forms, capital and securities filings, governance filings, accounts and audit, director-related filings, approvals, special category filings, and restructuring and closure filings.
The consultation invites stakeholder inputs on rationalisation of forms, transition to a data-centric filing architecture, expansion of Straight Through Processing (STP), and introduction of an interaction-based pre-filled filing interface under MCA21 Version 3. It covers proposals relating to consolidation of forms, reduction of duplication, automation of filings, and interoperability with other regulatory systems.
The document includes a structured questionnaire divided into three sections. Section A contains targeted questions on reform priorities, consolidation criteria, STP expansion, pre-filled filings, system integration, compliance differentiation, standalone filings, transition strategy, safeguards, and overall assessment. Section B contains chapter-wise viability assessment covering incorporation, directors, accounts, charges, and exit processes. Section C invites open-ended inputs on reform direction, implementation feasibility, risks, system improvements, phased implementation, entity-specific considerations, international benchmarks, and additional comments.
The consultation is open to stakeholders including businesses, professionals, regulators, financial institutions, insolvency professionals, industry bodies, interconnected government systems, and academic institutions. Responses are to be submitted electronically within the specified timeline.
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