Regulatory
MCA V3 vs MCA V2 — What Changed for Indian D2C Founders
By Sylvr Founder's Desk
Source: xbrl.org/news/india-completes-shift-to-mca-v3-digital-filings-fully-mo.
What's structurally different
V2: PDF filings, manual extraction.
V3: XBRL tags every line — Revenue from Operations, EBITDA, Total Borrowings — queryable in bulk.
This enables real competitive benchmarking that was impractical before.
What Sylvr does with it
Nothing yet: Sylvr does not ingest MCA filings today, and reading them into Sylvr is being shaped on the roadmap.
Sources
Every figure above is here. A page with a figure and no source here does not publish.
- xbrl.org/news/india-completes-shift-to-mca-v3-digital-filings-fully-modernised. Open the source ↗
Questions founders ask
Are all companies on V3 yet?
Mandatory for listed and large private companies from July 2025. Small companies follow a phased timeline; check the current MCA notice.
Can I refuse to file in XBRL?
No, for entities above the threshold. Penalties for non-compliance are substantial.
Does V3 expose data I don't want public?
Only what was already public on V2. V3 doesn't expand the disclosure set; it makes existing disclosures machine-readable.