Overview on MCA Business User Registration

MCA Business User Registration-Ministry of Corporate Affairs

• As  we are aware that the MCA is going live with MCA21 V3 system with 09 Company e-forms on 31 August 2022 at 12:00 AM.
• For the purpose of the above, MCA filings for the said 09 e-forms will be stopped on the Existing MCA21 V2 system from 15 August 2022, at 12:00 AM and the same will resume on MCA21 V3 system from 31 August 2022 at 12:00 AM.
• In addition to the above revised process for undertaking any MCA e-filing service or making the DSC registration/association service, it is a pre-requisite that user is MCA registered as a “Business User” on the MCA21 portal.
• Process to upgrade/create your account as Business User is explained in detail in the below mentioned  frequently asked questions & webinars at MCA portal.
• You have access the same & create your Business User / upgrade accounts on MCA21 Portal for a smooth e-filing experience.

Moreover before Business User Registration on new portal we should note below points :

• If you are an existing MCA users & have a valid “user Id” & “password” to transact on Ministry of Corporate Affairs portal. Kindly make the login using existing id
• Once you have successfully logged in, please go to profile update page on the top right corner under user name. It will show details of your existing accounts such as type of user and personal details
• If your user type is “Registered”, please edit your profile to become Business User – Director/Designated Partner
• In case you are new to Ministry of Corporate Affairs portal, please register as a business user under “Designated Partner/Director” role by below mention MCA Business registration process.
• Once you are get registered as MCA Business user – Designated Partner role/Director, another important step,
• Now  you to complete is, to associate your Digital Signature certificate.

Please go to MCA Services-> go to FO Services ->click on Digital Signature certificate association service

For further details and information, please refer to the FAQs, Demo video and instructions shared in this regard on mca.gov.in

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Can a Private Company Allot Equity Shares to Its Existing Shareholders at Different Prices in the same allotment?

Yes, but NOT through a Rights Issue. If a private company wishes to issue equity shares at different prices to existing shareholders during the same allotment, it must opt for a Preferential Offer u/s 62(1)(c) of the Companies Act, 2013. Key Conditions for Preferential Allotment:

1. Special Resolution : Must specify allottees, number of shares, and prices.
2. Valuation Report : Must be obtained from a Registered Valuer.
3. Clear Justification : Required for different pricing (e.g. strategic investment, intellectual property, or sweat equity).
4. No Renunciation Allowed : Unlike a Rights Issue, the right to allotment cannot be renounced.
5. Form PAS-3: Must be filed within 30 days of the allotment.

Preferential Allotment is a flexible and compliant method for issuing shares at different prices to reflect the distinct value contribution of each shareholder.

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