Integration Of MCA with NSWS
This Article is authored by Ms. Shweta Tewari (Managing Partner) & Ms. Saumya Modi (Legal Intern) at SGT Associates (Lawyers & Advocates) | January 5, 2024 country, particularly for incorporation of companies and Limited Liability Partnership (LLP).
The Ministry of Corporate Affairs (MCA) has taken a monumental step towards simplifying the business landscape in India through its integration with the National Single Window System (NSWS). This move signals a commitment to enhancing the ease of doing business in the country, particularly for incorporation of companies and Limited Liability Partnership (LLP).
- What is NSWS? : It consolidates permissions and approvals from various central and state government agencies, eliminating the tedious task of running through diverse departments. It essentially reduces the bureaucratic burden for businesses, saving them enough time and resources
- MCA-NSWS Integration: The incorporation forms for the companies and LLP can now be filed either on the MCA21 portal or NSWS portal, with each portal offering intuitive interfaces and phase-wised guidance. The distinctiveness of the MCA21 portal and the NSWS portal from each other is as follows:
| Feature | MCA21 | NSWS |
|---|---|---|
|
Ease of Use: |
It is familiar for seasoned users
accustomed to previous MCA
platforms, however new users
may find it slightly complex. |
It is designed for broader audience,
with a highly intuitive and userfriendly interface. Also, it provides phased-wised guidance and multilingual support. |
|
Application Process: |
It requires separate filings for
registration and name
reservation |
It offers composite application
feature, which allows simultaneous
filing for name reservation,
incorporation and PAN/TAN
applications. |
|
Other Approvals: |
It is restricted to incorporation of
companies and LLP. For,
additional clearances, separate
applications need to be filed
through different portals |
It integrates with various agencies
for approvals like DIN allotment,
bank account opening and
commencement of business
certificates. However, the complete
coverage is still under development |
|
Fees and Charges: |
It charges separate fees for
registration, name reservation
and other services. |
It charges a consolidated fees for
composite application, which is
slightly lower than the fees charged
on MCA21. |
|
Transparency and Tracking: |
It provides basic application status updates on the portal. |
It offers real-time status updates, detailed communication history and forms for enhanced transparency |
|
Mobile
Accessibility: |
It is not optimized for mobile
devices. |
It is fully functional on mobile
devices and has user-friendly
interface. |
- Registration Process on NSWS :
a. Log in on the NSWS website and click on ‘Sign Up Now’.
b. Provide the email id and mobile number and verify with the One-Time Password (OTP).
c. Fill the Common Registration Form.
d. Prepare necessary documents, as may be required.
e. Obtain a Class 2 or 3 DSC for authorized signatories to sign and submits documents online.
f. Enter the OTP sent to the registered mobile number for account activation.
g. Pay applicable registration fees
SGT Takeaway: Consolidation of all services under one portal and facilitation of a stream-lined and
time-effective process will promote the incorporation of new-companies through NSWS. This
integration aims at thriving a fostering business ecosystem in India.