New Developments in MCA 21: Introduction of e-Forms MGT-6 and BEN-2
In a significant update for stakeholders, the Ministry of Corporate Affairs (MCA) has announced the launch of new e-Forms MGT-6 and BEN-2 in the MCA 21 Version 3.0 platform. This development aims to streamline compliance processes under sections 89 and 90 of the Companies Act, 2013. These forms will be available starting July 15, 2024. However, there will be a temporary unavailability of these e-Forms from July 4, 2024, to July 14, 2024, as part of the transition.
WHAT ARE FORMS MGT-6 AND BEN-2?
- Form MGT-6: This form is used to file returns to the registrar under section 89 of the Companies Act, 2013. It involves the declaration of beneficial interest in shares by a person other than the registered owner.
- Form BEN-2: This form pertains to returns under section 90 of the Companies Act, 2013. It is used for reporting significant beneficial ownership, ensuring transparency in the ownership structures of companies.
TRANSITION PERIOD: KEY DATES AND DETAILS
- Unavailability of e-Forms: From July 4, 2024, to July 14, 2024, Forms MGT-6 and BEN-2 will not be accessible on the MCA 21 platform. This period is allocated for system upgrades and the integration of these new e-Forms.
- Launch Date: The new e-Forms will be officially available from July 15, 2024.
ADDITIONAL TIME WITHOUT EXTRA FEES
Understanding the potential impact on stakeholders due to the unavailability period, the MCA has granted an extension. Any filings of Forms MGT-6 and BEN-2 due during the period from July 4, 2024, to July 14, 2024, will be given an additional 15 days to complete the filing without incurring any additional fees. This decision is made to ensure a smooth transition and provide adequate time for compliance without financial penalties.
IMPACT ON STAKEHOLDERS
This update is a crucial step towards enhancing the efficiency and transparency of corporate compliance processes. Stakeholders are advised to take note of these dates and plan their filings accordingly. The introduction of these e-Forms in MCA 21 Version 3.0 is expected to simplify the submission process and improve the overall user experience.
FINAL NOTE
This decision by the MCA, approved by the Competent Authority, reflects the Ministry’s commitment to supporting stakeholders through a seamless transition period. It underscores the importance of compliance and the Ministry’s efforts to facilitate a user-friendly interface for corporate filings.
Stay updated with the latest developments by visiting the MCA official website and ensure your compliance is timely and accurate.
In Conclusion, The launch of e-Forms MGT-6 and BEN-2 marks a significant advancement in the digitalization of corporate compliance in India. By granting additional time for filings without extra fees, the MCA demonstrates its understanding of stakeholder needs and its commitment to a smooth transition.
