E-filing of returns for corporates from Sept 16 | india | Hindustan Times
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E-filing of returns for corporates from Sept 16

All company representatives authorized to sign the documents are to obtain digital signatures.

india Updated: Aug 16, 2006 16:57 IST

Corporates will have to mandatorily file annual returns and balance sheets electronically as the Registrars of Companies will stop accepting these documents in physical form from September 16.

Having rolled out e-filing programme at all registrars of companies, the Ministry of Company Affairs today said corporates will have to mandatorily file annual returns and and balance sheets electronically from September 16.

All the company representatives authorised to sign the documents are required to obtain digital signatures by that time to ensure the security and authenticity of filings in the electronic mode, Company Affairs Minister P C Gupta said.

The filing in electronic mode is part of e-governance project -- MCA21 -- initiated by the Ministry.

The project includes introduction of anywhere, anytime secure electronic filing for MCA transactions, adaptation of all statutory forms to e-forms for electronic filing, use of digital signatures to ensure the security of electronic forms and documents.

Multi-modal methods of payment encompassing existing payment mechanism and electronic payment options using credit cards and internet banking are also part of the project.

Gupta said 53 physical front offices are located across the nation to provide facilitation services for electronic filing.

To roll out the project, nearly 5 crore pages of legacy corporate documents have been digitalised, he said.

The project, started with the signing of agreement with TCS on March 1 last year, has been rolled-out at all registrar of companies locations as on August 10 this year, Gupta said. MORE