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MCA21
MCA21 is an e-governance initiative of the Ministry of Corporate Affairs that allows for electronic filing of documents. It established a data center in Delhi and disaster recovery center in Chennai to electronically store and retrieve corporate records. MCA21 aims to provide anytime, anywhere services to businesses and stakeholders by transforming the Ministry of Corporate Affairs' operations to meet 21st century needs. It has led to faster processing times, increased transparency, and empowered citizens, businesses and other stakeholders with easy access to authentic corporate data.
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MCA21
- 1. MCA21 MINISTRY OF CORPORATEAFFAIRS 21 AKASH JEEVAN
- 2. MCA21 ? MCA21Mission Mode Project (MCA21) is the e-governance initiative from the Ministry of Corporate Affairs, Government of India. A Mission Mode Project under the Government of India's National e-Governance plan, MCA 21 has put the Ministry of Company Affairs on track to meet stakeholder needs in the 21st century. MCA21 is envisioned to provide anytime and anywhere services to businesses by Ministry of Company Affairs. India’s First Mission Mode e Governance Project under NeGP AKASH JEEVAN
- 3. Dr. Manmohan Singhat the launch of MCA21 Project, 18 March 2006 AKASH JEEVAN
- 4. VISION OF THEMINISTRY To facilitate corporate growth with enlightened regulation. AKASH JEEVAN
- 5. VISION MCA21 RepositionMCA To fulfill the aspirations of its stakeholders To achieve global competitiveness for the 21st century AKASH JEEVAN
- 6. NEED FOR MCA21 Ever-increasingcorporates More than 700,000 corporates About 6 crore pages maintained in files One lakh charge registrations per year Physical Presence Millions of corporate representatives visit ROC office every year Physical presence of company representative required for all transactions AKASH JEEVAN
- 7. Limited Payment Options Payments were to be made in person Only cash or Demand Draft accepted not even cheque Limited Access Points Mostly one office per state Ever-increasing stakeholder base Long Queues Slow manual collection and verification process Unmanageable situation during peak filing season of Oct-Nov-Dec AKASH JEEVAN
- 8. Record Rooms MaintainedManually Information availability to stakeholders was time consuming and inaccurate Paper Based Transactions Paper overload doesn't permit other value added service Paper sorting, storage and retrieval was very cumbersome and time consuming AKASH JEEVAN
- 9. OBJECTIVES OF MCA21 Business–enabled to register a company and file statutory documents quickly and easily. Public–to get easy access to records and get their grievances redressed effectively. Professionals -to be able to offer efficient services to their clients. Financial Institutions –to find registration and verification of charges easy. MCA–to ensure proactive & effective compliance and corporate governance. Employees -empower to deliver best of services. AKASH JEEVAN
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- 11. SERVICES PROVIDED BYMCA21 Registration and incorporation of new companies Filing of annual returns/balance sheets/forms denoting change of names/address/director's details Registration, modification and verification of charges Inspection of public documents Applications for various statutory services offered by the ministry Issue of certified copies, and redressal of investor grievances AKASH JEEVAN
- 12. The portalenables electronic filing of documents. A Data Centre established in Delhi serves as a secure electronic registry for storage and retrieval of records. A Disaster Recovery Centre in Chennai provides the back-up for the electronic registry. AKASH JEEVAN
- 13. INNOVATIONS USED INMCA21 PROJECT Electronic payment methods like Credit Card, Internet Banking & recently introduced NEFT type of payment. Elimination of repetitive data using ‘pre-fill’. Automated pre–scrutiny to ensure accuracy of data. Authentication of forms via DSC. Utilization of publicly available software so that end–user did not incur any additional cost. Straight Through Processing of filings with system approval. Introduction of Electronic Stamp. System of Role-Check to verify antecedent of the signatory. AKASH JEEVAN
- 14. REALISATION OF MCA21 Natureof Service Prior to MCA21 After MCA21 Name Approval 7 days 1-2 days Company Incorporations 15 days 1-3 days BS/AR Filing 60 days Instantaneous Change In Directors 60 days 1 day Inspection Of Public Documents Visit To ROC Online AKASH JEEVAN
- 15. Revenue Increasefrom 7000 to 14000 Million Rupees ZERO Revenue Leakage National Charge Database Established Used by all Banks & FIs before loan disbursal to companies Automation of all Internal Functions Transaction-wise Payment Reconciliation AKASH JEEVAN
- 16. Overview : Statisticsat a Glance (as on 11-02-2012) Active Companies 762000 Public Limited Companies 58000 Private Limited Companies 704000 Dormant companies 153000 Foreign Companies 3183 Listed Companies – BSE 5086 Listed Companies – NSE 1552 Companies Under Liquidation 4612 Number of Limited Liability Partnerships registered under LLP Act 7952 AKASH JEEVAN
- 17. MCA21 –Key Achievements Procedural uniformity across all offices Speed and certainty of service delivery, with ease of access Transparency–status of processing of filings and approvals Problem of malpractices inherent with a paper-based system addressed (such as ante-date filings, incomplete filings, replacing documents, etc.) Establishment of a dependable data for effective compliance management Platform for further processes refinement Empowerment of the citizen/investor with authentic data about companies through the Internet AKASH JEEVAN
- 18. AWARDS WON DATAQUESTPath breaker Award for 2006 National e-Governance Award for 2007 for Business Process Re-Engineering DATAQUEST e-Governance vendor award for 2007 Prime Ministers Award for excellence in Public Administration AKASH JEEVAN
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- 21. THANK YOU DESIGNED BY Mr.AKASH JEEVAN BBA+GDBA(2013-16) AKASH JEEVAN