MCA21MINISTRY OF CORPORATE AFFAIRS 21

AKASH JEEVAN

MCA21 ?

MCA21 Mission 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

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Dr. Manmohan Singh at the launch of MCA21 Project, 18 March 2006

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VISION OF THE MINISTRY

To facilitate corporate growth with enlightened

regulation.

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VISION MCA21

Reposition MCA

To fulfill the aspirations of its stakeholders

To achieve global competitiveness for the 21st century

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NEED FOR MCA21

Ever-increasing corporates

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

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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

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Record Rooms Maintained Manually

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

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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.

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MCA21 PORTAL

FINANCIAL INSTITUTION

BUSINESS COMMUNITY

CREDITORS

GOVERNMENT DEPARTMENTS

MCA EMPLOYEES

BANKS

PROFESSIONALS

PUBLIC

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SERVICES PROVIDED BY MCA21

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

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The portal enables 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.

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INNOVATIONS USED IN MCA21 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.

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REALISATION OF MCA21

Nature of 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

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Revenue Increase from 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

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Overview : Statistics at 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

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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

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AWARDS WON

DATAQUEST Path 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

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MCA21 WEBSITE

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CONCLUSION

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THANK YOU

DESIGNED BY

Mr. AKASH JEEVAN

BBA+GDBA(2013-16)

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