PAYMENT OF MCA FEES – ELECTRONIC MODE The MCA has issued General Circular No. HQ/9/2002- Computerization dtd. 9.03.2011 in relation to payment of MCA fees by electronic mode. The MCA has stated that it has reviewed the processes involved in delivery of important services to stakeholders, with a view to identify and improve the components causing delay in disposal of applications. The MCA observed that payment confirmation is found to be a major bottleneck in delivery of services in respect of offline payment made by physical challans and it was also found that often there was a delay in confirmation of payments by physical challans, as banks have been given a reporting time of T+3 days, as per payment procedure approved by the C&AG/T being the transaction date. This led to delay in creation of work item for disposal of an application/e-form, leading to inconvenience of stakeholders. It was also found that wherever fees were paid online in the system, the work item was created faster and the approvals were speedier as banks follow T+1 for reporting online payments. Hence, in the interest of stakeholders, with a view to improving service delivery time, the MCA has decided to accept payments of value up to ` 50,000, for MCA 21 services only in electronic mode w.e.f. 27th March, 2011. For the payments of value above ` 50,000, stakeholders would have the option to either make the payment in electronic mode, or under a paper challan. However, such payments would also be required to be made in electronic mode w.e.f 1st October, 2011.