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Central Processing Centre (CPC) for Corporate Filings Operationalised

The Ministry of Corporate Affairs (MCA) has issued a notification dated February 14, 2024, to operationalise Central Processing Centre (CPC) for centralised processing of corporate filings. The CPC was established through a notification dated February 2, 2024, operative from February 6, 2024, following an announcement by the center in the union budget last year.

The current notification amends the Companies (Registration Offices and Fees) Rules, 2014, adding Rule 10A, which provides for the examination of application, e-Forms or documents required to be filed with the Registrar of the CPC, as well as the powers and jurisdiction of the Registrar thereof.

From February 16, 2024, the following forms will be processed at CPC, followed by other forms from April 1, 2024, onward.

Name of Form

Description

MGT-14

 Filing of Resolutions and Agreements

SH-7

 Alteration in Capital

INC-24

  Change in Name

INC-6

 Conversion of One Person Company to Private or Public, or Private to OPC

INC-27

  Conversion from Private into Public or Vice Versa

INC-20

  Revocation/surrender of licence under Section 8 of the Act

DPT-3

  Return of Deposits

MSC- 1

 Application for obtaining the status of dormant company

MSC- 4

  Application for seeking status of Active Company

SH-8

  Letter of offer for Buy-Back

SH-9

 Declaration of Solvency

SH-11

  Return in respect of buy-back of securities

The CPC has been established to process forms filed as part of various regulatory requirements in a centralised manner, to eliminate physical interaction with the stakeholders. The CPC, along with the Central Registration Centre (CRC) and Centralised Processing for Accelerated Corporate Exit (C-PACE), would play a crucial role in ensuring speedy processing of applications and forms filed for incorporation, closure and meeting regulatory requirements. This centralized system eliminates the necessity for physical interactions with stakeholders.