Clearing the Confusion: Your FAQs on MCA V-3 Answered

The Ministry of Corporate Affairs (MCA) has introduced a new version of the Form SPICe+ and other related forms, which is known as MCA V-3. This new version aims to simplify the process of registering a company and carrying out other related activities. As a result, the MCA has asked companies to shift their forms from MCA V-2 to MCA V-3. In this article, we will answer some FAQs on MCA V-3.

FAQs on MCA V-3

Some of FAQ’s on MCA V-3 are:

Question 1: What is MCA V-3?

MCA V-3 is a new version of the MCA form introduced by the Ministry of Corporate Affairs (MCA) in India. This form is designed to simplify the process of filing various forms required under the Companies Act, 2013. The MCA V-3 form replaces the previous version, MCA V-2.

Question 2: Why was MCA V-3 introduced?

The MCA introduced a new version of the form to simplify the process of filing various forms under the Companies Act, 2013. The MCA V-3 form is more user-friendly, and it includes many new features and functionalities that were not available in the previous version of the form. This new version of the form is also designed to provide a more efficient and streamlined process for businesses and company owners.

Question 3: What are the types of forms available in MCA V-3?

MCA V-3 includes various forms for different purposes. Some of the most commonly used forms are:

• Form DIR-3: This form is used for the appointment of a director of a company.
• Form INC-22A: This is a compliance form that every company needs to file within 180 days of incorporation.
• Form MGT-7: This form is used for filing the annual return of a company.
• Form AOC-4: This form is used for filing the financial statements of a company.
• Form CHG-1: This form is used for registering the creation or modification of a charge on the assets of a company.
• Form DPT-3: This form is used for filing the return of deposits accepted by a company.

Question 4: What are the main differences between MCA V-2 and MCA V-3?

The main differences between the two versions of the form are:

• The MCA V-3 form is more user-friendly and includes many new features and functionalities that were not available in the previous version of the form.
• The MCA V-3 form is designed to provide a more efficient and streamlined process for business and company owners.
• The MCA V-3 form has a more straightforward layout and is easier to navigate.
• The MCA V-3 form requires fewer details to be entered manually, reducing the chances of errors.

Question 5: Do I need to file all my pending forms in MCA V-3?

No, you do not need to file all your pending forms in MCA V-3. The MCA V-2 form will continue to be accepted by the MCA for some time. However, it is advisable to start using the new version of the form, as it is more user-friendly and includes many new features and functionalities that were not available in the previous version of the form.

Question 6: What is the process for filing MCA V-3 forms?

The process for filing MCA V-3 forms is straightforward. Here are the steps to follow:

• Register on the MCA portal: The first step is to register on the MCA Portal by creating an account.
• Download the relevant form: Once you have registered, you can download the relevant MCA V-3 form.
• Fill in the form: Fill in the form with the required information. Ensure that you provide accurate and up-to-date information.
• Attach the necessary documents: Attach the necessary documents, such as a digital signature certificate, to the form.
• Pay the fee: Pay the fee for filing the form using one of the available payment methods.
• Submit the form: Finally, submit the form and wait for confirmation from the ROC.

Question 7: Can I access my previous data entered in MCA V-2 in MCA V-3?

Yes, you can access your previous data entered in MCA V-2 in MCA V-3. The MCA has ensured that all the data entered in the previous version of the form is migrated to the new version of the form.

Question 8: Is there any change in the fee structure for MCA V-3 forms?

No, there is no change in the fee structure for MCA V-3 forms. The fee structure remains the same as in the previous version of the form.

Question 9: What is MCA V-3, and why is it important?

MCA V-3 is the latest version of the Form SPICe+ and other related forms that are used for registering a company, filing annual returns, and carrying out other activities related to companies. This new version has been introduced to simplify the process of registering a company and reduce the time and effort required for various activities related to companies.

Question 10: Which forms need to be shifted from MCA V-2 to MCA V-3?

All the forms that are related to companies, such as Form SPICe+, PAS-3, DIR-3 KYC, and others, need to be shifted from MCA V-2 to MCA V-3.

Question 11: What is the deadline for shifting the forms from MCA V-2 to MCA V-3?

The MCA has not announced any specific deadline for shifting the forms from MCA V-2 to MCA V-3. However, it is advisable to shift the forms as soon as possible to avoid any delays or complications in the future.

Question 12: How can the forms be shifted from MCA V-2 to MCA V-3?

To shift your forms from MCA V-2 to MCA V-3, follow these steps:

• • Log in to the MCA portal with your credentials.
  • Click on the ‘View My Saved Forms’ option.
  • Select the form that you want to shift from MCA V-2 to MCA V-3.
  • Click on the ‘Resubmit’ option.
  • The system will automatically shift your form to MCA V-3.
  • Review and update the form with any new information or changes.
  • Submit the form and make the payment.

Question 13: Is it mandatory to shift the forms from MCA V-2 to MCA V-3?

Yes, it is mandatory to shift the forms from MCA V-2 to MCA V-3. The MCA has made it clear that all the forms related to companies must be shifted to the new version to ensure smooth and hassle-free functioning.

Question 14: Will there be any changes in the process of filling the forms after shifting to MCA V-3?

No, there will be no significant changes in the process of filling the forms after shifting to MCA V-3. The new version aims to simplify the process and reduce the time and effort required for various activities related to companies.

Question 15: What if I face issues while shifting my forms from MCA V-2 to MCA V-3?

If you face any issues while shifting your forms from MCA V-2 to MCA V-3, you can contact the MCA helpdesk for assistance. You can also refer to the user manual and FAQs available on the MCA portal.

Question 16: What is the significance of a digital signature certificate in MCA V-3 forms?

A digital signature certificate (DSC) is required to file MCA V-3 forms. It serves as a digital equivalent of a handwritten signature and ensures the authenticity and integrity of the document being filed. A DSC can be obtained from any of the certifying authorities approved by the MCA.

Question 17: What is the timeline for filing MCA V-3 forms?

The timeline for filing MCA V-3 forms varies depending on the type of form. For instance, the annual return (MGT-7) needs to be filed within 60 days from the date of the Annual General Meeting (AGM), while the financial statements (AOC-4) need to be filed within 30 days from the date of the AGM. It is advisable to check the specific timeline for each form to avoid missing the deadline.

Question 18: What are the consequences of filing incorrect information in MCA V-3 forms?

Filing incorrect information in MCA V-3 forms can lead to serious consequences, such as fines, penalties, and legal action. It is essential to ensure that all information provided in the form is accurate and up-to-date. In case of any errors or discrepancies, it is advisable to rectify them as soon as possible.

In conclusion, shifting the forms from MCA V-2 to MCA V-3 is a simple process that needs to be done to ensure smooth and hassle-free functioning. It is advisable to shift the forms as soon as possible to avoid any delays or complications in the future. If you have any further questions or doubts, it is recommended to consult our legal expert at Legal Window or visit the MCA portal for more information.