IMPORTANCE OF E-FORM DURING COVID19

BY SUSHMA GOWDA

INTRODUCTION

E-FORM

An E-form is a re-engineered conventional form represents a document in electronic format.

Directors identification number (DIN), Corporate Identity Number (CIN) and Digital signature Certificate (DSC) are the important features under e-governance mode (MCA-21)

MCA-21 System provides for the facility of payment of statutory fees through multiple modes i.e.

1) Off-line payment through a challan generated by the system and payment of fees at the counter of the notified bank branches through DDs/ Cash;

2) On-line payments through internet banking and credit cards (Master card/VISA)

SRN

Each transaction under e-filing is uniquely identified by a service request Number(SRN). On filing of an E-form, the System will generate and provide a service Request Number (SRN). A user can check the status of the document /transaction, by entering the SRN

STAMP DUTY ON DOCUMENTS

If the stamp duty on documents which are required to be filed on Non-judicial stamp paper is paid electronically through Ministry of Corporate Affairs portal www.mca.gov.in , in such case, the company shall not be required to make physical submission of documents, in addition to their submission in the electronic form.

XBRL EXTENSIVE BUSINESS REPORTING LANGUAGE

XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around world. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data.

It is an open standard, free of license fees, being developed by a non-profit making international consortium. Other pages on this web site provide detailed information on XBRL, its technical features and its business opportunities.

FOREIGN COMPANY REGISTRATION NUMBER (FCRN)

Every foreign company has been allocated a foreign company registration Number (FCRN).

PRE-SCRUTINY

It is a Functionality that is used for checking. Whether certain core aspects are properly filled in the E-form. Before submitting the E-form for Pre-scrutiny the user has to make the necessary attachments in PDF format.

CHECK FORM

By clicking “Check Form” the user will be in a position to find out whether the mandatorily fields in an E-form are duly filled – in.

For Example, If the user enters alphabets in “Date of Appointment of Directors” Field, he/she will be asked to correct that.

APPROVAL SERVICES (REGISTRAR OF COMPANIES)

One Person Company- Application for Conversion - E-form INC-6

Application for approval of Central Government for change of name

E-form INC 24

Application to Registrar for obtaining the status of dormant company E-form MSC-1

Application for seeking status of active company E-form MSC-4

Applications made to Register of Company E-form GNL-1

Applications for Striking off the name of company under the fast track Exit (FTE) Mode

INFORMATIONAL SERVICE

Intimation to Register of revocation/surrender of license issued under Section 8 – E-Form INC-20

Notice of order of court or any other competent authority – E-form INC-28

Information to be furnished in relation to any offer of a scheme or contract involving the transfer of shares or any class of shares in the transferor company to the transferee company.