MGT-14 to be processed under Straight Through Process (STP) mode

Excel for
Chartered Accountants

General Circular 28/2014

File No. 1/9/2013-CL-V
Government of India
Ministry of Corporate Affairs

5th floor, 'A' Wing, Shastri Bhawan
Rajendra Prasad Road, New Delhi-110001
Dated: 9th July, 2014

To
All Regional Directors
All Registrars of Companies
All Stakeholders.

Subject: clarification on form MGT-14 through STP mode

Sir,
In order to simplify procedures and with a view to ensure timely disposal of EForms in the office of Registrars of Companies and keeping in view the penal provisions for false declaration as contained in section 448 read with section 447, the following E-Forms with the conditions mentioned along with will be processed and taken on record using the Straight Through Process mode

S No.	E-Form	Conditions
1	MGT-14	All cases except for change of Name, change of object, resolution for further issue of capital and conversion of companies will be STP Mode.

This circular will be effective from 21.07.2014

Yours faithfully
Sd/
(KMS Narayanan)
Assistant Director
Tel: 23387263

What is Straight Through Process mode?
In order to cut timelines and bring more transparency in the working of offices of registrar of Companies, certain forms are taken on records on the basis of statement of correctness given by the filing company and further verification by the practicing professionals