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Corporate Filings : Aadhaar will be mandatory for these people of the corporate world, it will be needed at every step

Aadhaar Update: Currently the work of upgradation of the legislative filing system is going on. This work can be completed by the end of the year, after which the changes will be implemented.

Aadhaar has become necessary for many works in today’s time. Due to this, many important tasks have become easy and it has also proved to be very helpful for the government. Aadhaar has also helped the government in increasing security and reducing corruption. This is the reason its use is increasing. Now people associated with the corporate world may also need Aadhaar at every step. The government is in the process of making Aadhaar mandatory for corporate filing.

Verification will have to be done like this

Government plans to make Aadhaar biometric verification mandatory for designated directors and professionals like company secretaries involved in filing of statutory documents, to make filing of statutory documents more secure and also to ensure accountability .

Change for these people

In a Mint news, quoting people related to the matter, it has been told that this condition will apply to those who are registered as business users on the MCA21 website (Ministry of Corporate Affairs) and who have documents and documents from the company. Right to file other forms. It has also been claimed in the news that once the upgradation work of the website is completed, then the changes can be implemented.

System is being upgraded

Currently, the work of upgrading the legislative filing system is underway. This ongoing upgrade of the website may be completed this year. Its purpose is to tighten the authentication requirements for filers. For this, the process of KYC verification is already applicable.

This work will be done by change

The process of KYC verification is based on Unique Digital Signature, Permanent Account Number ie PAN or Director Identification Numbers ie DIN. This is mandatory for those filing now. Now work is underway on a plan to make Aadhaar authentication necessary for this. This will not only increase the security of filing, but the process of filing is also expected to be easier.

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