Future with mca21 use technology to beat technology


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Future with mca21 use technology to beat technology

  1. 1. Future With MCA21 Use Technologies To Beat Technology … By : Pavan Kumar Vijay - Managing Director
  2. 2. Transformation is a part of life <ul><li>Transformation has bought Fabulous growth in the past… </li></ul>01/17/12 Workshop on MCA21
  3. 3. Transformation From <ul><li>Stock Market </li></ul><ul><li>Out-Cry System </li></ul>01/17/12 Workshop on MCA21
  4. 4. To new era of 01/17/12 Workshop on MCA21 Online any-where any-time trading
  5. 5. Transformation From <ul><li>Physical Share Certificates </li></ul>01/17/12 Workshop on MCA21
  6. 6. To new era of 01/17/12 Workshop on MCA21 Demated Shares
  7. 7. Abolished Bad Deliveries 01/17/12 Workshop on MCA21
  8. 8. Lost - Lost in transit 01/17/12 Workshop on MCA21
  9. 9. Instant transfers 01/17/12 Workshop on MCA21
  10. 10. Resultant into <ul><li>Fabulous Growth </li></ul>01/17/12 Workshop on MCA21
  11. 11. Turnaround in Turnover 01/17/12 Workshop on MCA21
  12. 12. Transformation Replica 01/17/12 Workshop on MCA21
  13. 13. Lapsed geographical boundaries 01/17/12 Workshop on MCA21
  14. 14. Proximity to remote areas 01/17/12 Workshop on MCA21
  15. 15. Transparency 01/17/12 Workshop on MCA21
  16. 16. Change in Mindset 01/17/12 Workshop on MCA21 Compliance - easy, Non Compliance - Impossible
  17. 17. Paradigm Transformation in MCA 01/17/12 Workshop on MCA21 Paper Based Operations Paper Less Environment From To
  18. 18. Implemented to ensure… It’s stakeholders interests & benefits… 01/17/12 Workshop on MCA21
  19. 19. Business <ul><li>easy registration and compliances </li></ul><ul><li>peer group analysis </li></ul><ul><li>trade name protection </li></ul><ul><li>strategic takeover & acquisitions </li></ul><ul><li>reach to public at large </li></ul><ul><li>transparency </li></ul>01/17/12 Workshop on MCA21
  20. 20. Directors <ul><li>convenience of signing and submission </li></ul><ul><li>lapsed geographical boundaries </li></ul><ul><li>ease in management </li></ul><ul><li>changed mindset to compliances & reporting </li></ul><ul><li>e-Governance based Corporate Governance </li></ul>01/17/12 Workshop on MCA21
  21. 21. Public <ul><li>easy access to company records </li></ul><ul><li>fast redressal to investor grievances </li></ul><ul><li>transparency </li></ul><ul><li>better management for oppression mismanagement </li></ul><ul><li>analysis before investing / lending </li></ul>01/17/12 Workshop on MCA21
  22. 22. Lenders <ul><li>easy registration and search of charge </li></ul><ul><li>tracking of defaulting companies </li></ul><ul><li>effective analysis & tapping of financial reporting & projections of borrowing companies </li></ul><ul><li>Tap on frauds and misleading reporting </li></ul>01/17/12 Workshop on MCA21
  23. 23. Government <ul><li>proactive and effective compliance </li></ul><ul><li>auto-triggered non compliances reporting & issue of show cause notices </li></ul><ul><li>Multilevel pre-security </li></ul><ul><li>Better statistical reporting & projections </li></ul><ul><li>Effective Tracking and management of government funded projects </li></ul>01/17/12 Workshop on MCA21
  24. 24. MCA Department <ul><li>clerical to strategic </li></ul><ul><li>delivery of best services </li></ul><ul><li>time for qualitative analysis </li></ul><ul><li>tracking and timely action against defaulting companies </li></ul><ul><li>increased Transparency </li></ul><ul><li>timely action on approvals /reporting. </li></ul><ul><li>audit trail </li></ul>01/17/12 Workshop on MCA21
  25. 25. Professionals <ul><li>Increased compliance awareness </li></ul><ul><li>increased efficiency in services </li></ul><ul><li>unbounded tremendous opportunities </li></ul><ul><li>expanded geographical reach </li></ul><ul><li>economy at operations </li></ul><ul><li>Instant delivery to increased clientele </li></ul><ul><li>New service horizons </li></ul>01/17/12 Workshop on MCA21
  26. 26. New Service Horizons <ul><li>Online Audit & Due Diligence </li></ul><ul><li>Increase in Investigations, Prosecutions & compounding matters </li></ul><ul><li>Increase in Corporate Restructuring & Planning </li></ul><ul><li>Certified Facilitation Centers </li></ul><ul><li>e-search, e-filings, e-Incorporations </li></ul>01/17/12 Workshop on MCA21
  27. 27. Multi level scrutiny 01/17/12 Workshop on MCA21 ROC Level Portal Level Professional Level Form Level
  28. 28. Works that will gain more importance <ul><li>Balance Sheet & Directors Report Analysis </li></ul><ul><li>Qualitative Analysis of Database </li></ul><ul><li>Surveillance </li></ul><ul><li>Monitoring of Professionals </li></ul><ul><li>Reduction in Corporate Frauds </li></ul><ul><li>Investigation & Prosecution </li></ul><ul><li>Investors Grievance handling </li></ul><ul><li>Innovative Schemes for Corporate World </li></ul>01/17/12 Workshop on MCA21
  29. 29. 01/17/12 Workshop on MCA21 Ye Dil Mange More!!!
  30. 30. Only Understanding the technology can give us an edge…….. <ul><li>Understand the systems.. </li></ul>01/17/12 Workshop on MCA21 Understand the software……
  31. 31. Only Understanding the technology can give us an edge…….. <ul><li>Use Technology…. </li></ul>01/17/12 Workshop on MCA21
  32. 32. Government Perception 01/17/12 Workshop on MCA21 “ Freedom with Accountability” Shri Prem Chand Gupta Hon’ble Minister Ministry of Company Affairs
  33. 33. Further to add on… <ul><li>MCA21 has bought </li></ul><ul><li>all the professionals </li></ul><ul><li>on the similar footing, </li></ul><ul><li>Now innovative </li></ul><ul><li>& </li></ul><ul><li>instant solution delivery </li></ul><ul><li>is mantra to success </li></ul><ul><li>for all the professionals </li></ul>01/17/12 Workshop on MCA21
  34. 34. A small example of innovation… 01/17/12 Workshop on MCA21
  35. 35. So Lets Gear-up… <ul><li>Understand Advanced Technologies </li></ul><ul><li>Move faster than technological changes </li></ul><ul><li>Self help is the need of hour </li></ul><ul><li>Use technologies to carry procedural works </li></ul><ul><li>Devote precious time for innovations </li></ul>01/17/12 Workshop on MCA21
  36. 36. 01/17/12 Workshop on MCA21 Thanks A Lot & All the best for the upcoming opportunity Thanks