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Apr 18, 2026
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Govt proposes to cut the number of company filings; plans to integrate MCA data with other regulatory bodies
The government has started a consultation process that will likely reduce the number of forms to be filed by companies under the Companies Act besides consolidating the forms with similar statutory purpose. The concept note from the ministry of corporate affairs (MCA) also seeks public comments on building a framework that will integrate the MCA data with other regulatory bodies such as GSTN, CBDT, SEBI, banks, UIDAI and RBI to eliminate duplicate cross-regulatory reporting by the companies.
Cross-Regulatory Integration
The note specifically seeks stakeholder inputs to review the MCA filing architecture across the entire corporate lifecycle, including entry, operations and exit. Under the proposed reforms, the ministry is planning to harness artificial intelligence (AI), automation, and intelligent pre-filling to deliver an accurate, and error-minimised compliance experience. Additionally, there’s a proposal to rework the compliance requirements based on the size of the company, sector, and risk profile. This will ensure that the micro, small and medium enterprises (MSMEs), startups, and small producers are not disproportionately burdened with the statutory filing obligations.
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