Friday, February 22, 2013

Implementation of Corporate E-Governance: Implementation of MCA 21 Model

Implementation of Corporate E-Governance: Implementation of MCA 21 Model
February 18, 2006 will go down as a landmark day in the history of corporate governance in India. On this day, the MCA-21 project portal (www.mca21.gov.in) was launched in Coimbatore. This project of the ministry of company affairs (MCA) is expected to provide 21st century services to business, government and the citizens of India, hence the name. This portal will be the entry point for online registration, filing of returns, reporting financial results and requests for permissions by businesses—their number has grown from 30,000-plus companies in 1956, when the ministry was formed, to 6, 50,000 today. It will also be a tool for the public to report investor grievances. It will help the government to exercise control on erring corporations who delay or deny information. In fact, when fully operational, MCA-21 will usher in a new phase in the history of corporate governance in India. The project has several interesting aspects. Though administered by the government, this project is executed in PPP (public-private-partnership) mode.
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