The Indian Ministry of Corporate Affairs is set to rationalize the filing framework under the Companies Act, 2013, following stakeholder consultations. This initiative aims to consolidate forms and transition to a more data-centric architecture, enhancing the corporate compliance process. The ministry is actively seeking input from stakeholders until May 15, 2023, focusing on opportunities for high-impact reforms from company incorporation to exit. Key features of the proposed changes include the expansion of Straight Through Processing (STP) and the introduction of a pre-filled filing interface (MCA21 Version 3). Additionally, a comprehensive review of the Companies (Incorporation) Rules, 2014, is underway, targeting a reduction in compliance burdens and streamlining incorporation processes. The amendments will also align with other regulatory frameworks, such as the Goods and Services Tax (GST) and the Insolvency and Bankruptcy Code (IBC), while clarifying areas like the liability of deceased subscribers.