India, March 26 -- The government has introduced multiple digital initiatives to improve transparency, enhance efficiency, and reduce the compliance burden in corporate filings through the Ministry of Corporate Affairs (MCA). As part of this effort, the latest version of MCA21 (V3) now features web-based online forms with field-level validations and auto-prefill functionalities to prevent fraudulent filings. Additionally, multifactor authentication has been implemented to verify user identities, while private information is masked from public view to ensure data confidentiality.
Key initiatives include the establishment of the Centre for Processing Accelerated Corporate Exit (CPACE) to centrally manage voluntary closures of companies and L...