MCA allows 1,270 requests from CA, CS bodies to merge user IDs

economictimes.indiatimes.com:

ministry of corporate affairs (MCA) has entertained 1,270 requests from bodies representing company secretaries and chartered accountants for the merger or deactivation of multiple user IDs of their members in the first month of allowing such an exercise, according to the latest official data. The move will now enable these professionals to use the latest version of the MCA21 portal for various corporate filings because, unlike its earlier avatars, the version 3 or V3 portal doesn't entertain more than one ID per user to plug its abuse.

Amid outcry over technical glitches involving the V3 portal, the MCA had on July 12 allowed professionals to merge into one or deactivate the multiple user IDs. The existence of multiple user IDs of a professional was cited as one of the key reasons for the difficulty in corporate filings through the V3 portal.

As per MCA data, 1,086 requests of the ICSI and 184 of the ICAI for the merger/deactivation of user IDs of their members have been executed on the MCA21 (version 3 or V3) portal. A record 82,628 entities, including companies and limited liability partnership (LLP) firms, were incorporated in the first four months of the current fiscal.

Also, 1.96 million forms were filed on the V3 portal between April and July. Data also shows that 243,155 forms relating to LLPs were filed this fiscal until July 16, higher than 209,064 a year ago.

Ever since the roll out of the V3 portal on January 23, there have been persistent complaints about glitches. Following a directive by finance minister Nirmala Sitharaman, the MCA, along with LTIMindtree-the operator of the portal-held stakeholder consultations in major cities.