MCA changes delayed, FY23 filing in old forms

The development comes as a relief for professionals in corporate sector

- Gireesh Chandra Prasad

Companies can file their financial statements and annual returns for FY23 during the ongoing filing season without waiting for the roll out of the new high security forms, which are part of the revamp of the government’s statutory filing portal MCA21, two people aware of the development said.

The portal is accepting existing version of the forms for financial statements and annual returns as the filing season, which peaks in September-November, is underway, they added.

This comes as a relief for the corporate sector as filing of key documents using old forms are expected to make the process smooth without uncertainty or possible glitches that some new forms can lead to initially. Some professionals had also sought the opportunity to file these documents using existing forms (version two or V2) during the current filing season.