Corporate

TCS, Infosys, Wipro gears up for MCA21 Programme

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MCA21, the government’s ambitious e-governance programme for India Inc, is all prepared for an overhaul, as the ministry of corporate affairs works on the next-generation version of it. A number of IT majors including TCS, Infosys and Wipro are believed to be vying for the prestigious project, which is estimated to have a budget of hundreds of crores of rupees.
It is believed that bids have already been called for the second phase ofMCA21 and a decision will be taken soon. The thrust in the revamp of MCA21 will be on making the system more vigilant so that suspect activities of corporates could be tracked as early as possible.
The MCA21 programme was initiated in 2006 and the thrust of the e-activity was to start the adoption of secure electronic filing (e-Filing) for all the services provided by the Registrar of Companies (ROC), including incorporation of a company, annual filing , registration of charges and other event-based filings.

The project, which saw a reduction in time-consuming paperwork, cost the government upwards of Rs 300 crore. While the cost of the upgrade is not yet confirmed, sources say it could be in the same order , or even higher.

The government feels that a greater thrust on computerization in regular corporate filings will give it enough scope to keep a check on illegal or lax activities by companies.

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