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PAYMENT OF MCA FEES – ELECTRONIC MODE

01 May
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.
 

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