Scrutiny of STP E-forms by Central Scrutiny center of MCA
Written By PracticeGuru dated: 23rd March, 2021
2 Min Read
The Ministry of Company Affairs has established a Central Scrutiny Centre (CSC) for scrutinising Straight Through Process (STP) e-forms filed by companies.
This will be assisted by Artificial Intellegence. Findings by CSC will be submited to concerned Registrar of Companies (ROCs) for further action.
The Central Scrutiny Centre is planned to be located at Indian Institute of Corporate Affairs (IICA) in Gurgaon, will function under the administrative control of the e-governance cell of the MCA.
Following notification shall come into force from the 23rd March, 2021.
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION
New Delhi, the 18th March, 2021
S.O. 1257(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 396 of the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the Act), the Central Government hereby establishes a Central Scrutiny Centre (CSC) for carrying out scrutiny of Straight Through Processes (STP) e-forms filed by the companies under the Act and the rules made thereunder.
2. The CSC shall function under the administrative control of the e-governance Cell of the Ministry of Corporate Affairs.
3. The CSC shall carry out scrutiny of the aforesaid forms and forward findings thereon, wherever required, to the concerned jurisdictional Registrar of Companies for further necessary action under the provisions of the Act and the rules made thereunder.
4. The CSC shall be located at the Indian Institute of Corporate Affairs (IICA), Plot No. 6, 7, 8, Sector 5, IMT Manesar, District Gurgaon (Haryana), Pin Code- 122050.
5. This notification shall come into force from the 23rd March, 2021.
What is Straight Through Process (STP) of Forms in MCA Portal
It is a method adopted by MCA for approval of e-forms filed by Companies and LLPs.
These forms are filed for intimating certain information or taking approval from MCA. These forms are filed at online portal of MCA.
Powers to the Registrar to examine STP e-forms
Rule 10 of the Companies (Registration Offices and Fees) Rules, gave powers to the Registrar to examine STP e-forms, at any time after filing.
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It is hoped that CSC will not result in more hindrance to business but will ensure more compliance.
Chartered Accountants will have to be more careful.
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