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The Minister of State (Independent Charge) in the Ministry of Corporate Affairs in a written reply to a raised in Lok Sabha Stated, "Yes! Steps Taken by Government to improve the corporate management."

Steps Taken by Government to improve the Corporate Management

MCA said in three notifications that any company employing accounting software must utilise software that maintains an audit trail of each transaction and creates an edit log of any modification made in the books of account.

MCA Notifies Major Change in Audit Trail Requirements from 1st April 2023

Despite government's efforts to address such issues, companies continue to suffer technical difficulties when using the MCA's improved Version 3 system for corporate filings.

MCA V3 Portal for Corporate Filings Faces Technical Glitches

Despite making 269 crore in sales or product deliveries, the company failed to file a report.

Failure to file audit: MD jailed by Economic Offences wing court

Circulars

MCA has notified physical filing of certain forms allowed duly signed by the concerned person.

MCA allowed physical filing of certain forms duly signed by concerned person from Feb 22 to March 31, 2023

The Ministry of Corporate Affairs(MCA) has extends the Time for filing of 45 company e-Forms, PAS-03 and SPICE+PartA in MCA 21 Version 3.0 without additional fee .

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Steps Taken by Government to improve the Corporate Management

MCA Notifies Major Change in Audit Trail Requirements from 1st April 2023

MCA V3 Portal for Corporate Filings Faces Technical Glitches

Failure to file audit: MD jailed by Economic Offences wing court

MCA allowed physical filing of certain forms duly signed by concerned person from Feb 22 to March 31, 2023

MCA Extends Time of Filing of 45 Company e-Forms, PAS-03 and SPICE+ Part A in MCA21 V3 Portal