There has been a lot of conversation around the V2 to V3 migration by the Ministry of Corporate Affairs (MCA). We have created a brief explainer for you that provides an overview of the changes, as well as an associated timeline. We’ve also compiled a list of documents that are currently available on the V3.

The Ministry of Corporate Affairs is an Indian Government Ministry that is primarily responsible for enforcing the Companies Act 2013 and the erstwhile Companies Act 1956, the Limited Liability Partnership Act, 2008, and the Insolvency and Bankruptcy Code, 2016. It is in charge of regulating Indian enterprises in the industrial and service sectors.

What exactly are V2 and V3?

Companies in India file e-forms with the MCA for a variety of reasons, including Company Incorporation, Charge Creation/Modification, Directors/KMP’s Appointment/Resignation, address change, and so on. These e-forms were previously available as defined PDF forms that could be downloaded from the MCA website until Version 2 (V2). Users were required to download, fill out, and upload the appropriate e-forms to the MCA website.

In Version 3 (V3), webforms have replaced PDF-based e-forms. Users can choose their webforms and fill out the fields directly online, with added convenience, such as the ability to save a partially completed form and file it later.

While in V2, a “My Workspace” section with a list of notices from the MCA and circulars issued by them was available; in V3, there is a personalised “My Application” section which allows users to view all the forms filed by them, as well as the status of these forms such as – ‘Pending for DSC upload’,  ‘Approved’, ‘Under Processing’, etc.

Also, login in the V3 is possible via email ID than just a user ID. This allows for an OTP to be sent to the user’s mobile and e-mail address for increased authenticity.

Current Status

• All LLP forms and the 65 company forms listed above have been moved to the V3 system, and will be available as web forms.
• Migration of filled-in forms from V2 to V3: The MCA announced that all documents from V2 will eventually move to V3, and V3 to VPD. 

The View Public Documents (VPD) service

The MCA allows you to view the public documents of all registered companies/ LLPs through its View Public Documents (VPD) service. Users can view the public documents of a company/ LLP on payment of a fee.

• The documents filed in V2, are all available in the VPD.
• However, none of the filed V3 documents are currently available for viewing in the VPD.

Annexure

46 company forms made available in V3

Additional Resources https://www.mca.gov.in/content/dam/mca/pdf/SPICEplus-and-linked-filings-FAQs-V3-20230122.pdf