The Ministry of Corporate Affairs (MCA) has issued a circular containing clarifications on the procedures to be followed by Insolvency Professional while filing forms in the MCA-21 Registry. The Circular was issued after the MCA received many requests from the Insolvency professional regarding the same.
MCA21 is an e-Governance initiative of the Ministry of Company Affairs (MCA), Government of India that enables easy and secure access of the MCA services to the corporate entities, professional and citizens of India. The MCA21 application is designed to fully automate all processes related to the proactive enforcement and compliance of the legal requirements under the Companies Act, 1956, New Companies Act, 2013 and Limited Liability Partnership Act, 2008. This will help the business community to meet their statutory obligations.