Future With MCA21 - Use Technology To Beat Technology


Published on

This presentations reviews the transformation made by information techonology in various field, and the opportunities made available by MCA21 to make new transformations. The presentation highlights the requisites to take the maximum benefit from this opportunity and urges the professionals to change their mindset.

1 Like
  • Be the first to comment

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

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>01/27/10 Workshop on MCA21
  3. 3. Transformation From <ul><li>Stock Market </li></ul><ul><li>Out-Cry System </li></ul>01/27/10 Workshop on MCA21
  4. 4. To new era of 01/27/10 Workshop on MCA21 Online any-where any-time trading
  5. 5. Transformation From <ul><li>Physical Share Certificates </li></ul>01/27/10 Workshop on MCA21
  6. 6. To new era of 01/27/10 Workshop on MCA21 Demated Shares
  7. 7. Abolished Bad Deliveries 01/27/10 Workshop on MCA21
  8. 8. Lost - Lost in transit 01/27/10 Workshop on MCA21
  9. 9. Instant transfers 01/27/10 Workshop on MCA21
  10. 10. Resultant into <ul><li>Fabulous Growth </li></ul>01/27/10 Workshop on MCA21
  11. 11. Turnaround in Turnover 01/27/10 Workshop on MCA21
  12. 12. Transformation Replica 01/27/10 Workshop on MCA21
  13. 13. Lapsed geographical boundaries 01/27/10 Workshop on MCA21
  14. 14. Proximity to remote areas 01/27/10 Workshop on MCA21
  15. 15. Transparency 01/27/10 Workshop on MCA21
  16. 16. Change in Mindset 01/27/10 Workshop on MCA21 Compliance - easy, Non Compliance - Impossible
  17. 17. Paradigm Transformation in MCA 01/27/10 Workshop on MCA21 Paper Based Operations Paper Less Environment From To
  18. 18. Implemented to ensure… It’s stakeholders interests & benefits… 01/27/10 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>01/27/10 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>01/27/10 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>01/27/10 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>01/27/10 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>01/27/10 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>01/27/10 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>01/27/10 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>01/27/10 Workshop on MCA21
  27. 27. Multi level scrutiny 01/27/10 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>01/27/10 Workshop on MCA21
  29. 29. 01/27/10 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>01/27/10 Workshop on MCA21 Understand the software……
  31. 31. Only Understanding the technology can give us an edge…….. <ul><li>Use Technology…. </li></ul>01/27/10 Workshop on MCA21
  32. 32. Government Perception 01/27/10 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>01/27/10 Workshop on MCA21
  34. 34. A small example of innovation… 01/27/10 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>01/27/10 Workshop on MCA21
  36. 36. 01/27/10 Workshop on MCA21 Thanks A Lot & All the best for the upcoming opportunity Thanks