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MCA Announces Setting Up of Centre for Processing E-Forms

The Central Government has set up a Central Processing Centre (CPC) for processing and disposing of e-forms.

A notification regarding the same was issued by the Ministry of Corporate Affairs (MCA) on February 2, 2024. The same is said to be operative w.e.f. February 6, 2024.

An announcement regarding the establishment of such a Centre was made last year, by the Union Finance Minister, Smt. Nirmala Sitharaman while presenting the Union Budget 2023-24.[1] The Minister stated that the CPC would be set up for “faster response to companies through centralized handling of various forms filed with field offices” under the Companies Act, 2013.

Further, in response to a question posed in the Lok Sabha in March 2023, it was confirmed that a committee was constituted for the implementation and setting up of the CPC. [2]

Such a Centre is expected to ensure the centralised handling of various Non-STP (Straight Through Process) forms which require verification and are not approved automatically upon filing. These forms are currently being processed by the Jurisdictional Registrar of Companies. This will reportedly help ease the burden of the offices of Regional Directors and Registrar of Companies so that they can handle enforcement matters.

However, the notification clarifies that the jurisdictional Registrar within whose jurisdiction the registered office of the company is situated would continue to have jurisdiction over the companies whose e-forms are processed by the Registrar of the CPC in respect of all other provisions of the 2013 Act and the rules made thereunder.

[1] https://www.indiabudget.gov.in/doc/bspeech/bs2023_24.pdf

[2] https://sansad.in/getFile/loksabhaquestions/annex/1711/AU3015.pdf?source=pqals