The Ministry of Company Affairs in India is coming up with a major e-Governance project, known as MCA21, on March 1. The project aims at transforming the Ministry into a paperless, modern, service-oriented, quality-conscious and customer-centric organisation.
The project envisages shifting the entire business process of the Registrar of Companies (RoCs) to e-Governance mode. On completion, the project will all but eliminate the physical interface between companies and the RoCs and all services, such as registration of new companies, filing of annual returns and balance-sheets and also viewing of documents, would be online. This is expected to enable transparency as well as speedy monitoring of non-compliance by the companies.