The MCA21 is considered as one of the most successful
mission mode project (MMP) having implemented many innovations viz.
internet payments, credit card payment, electronic issuance of stamp
paper (e-stamp), use of adobe e-forms, end-to-end electronic work flow
and digital signature (DSC) based electronic filing. This was stated by
the Union Corporate Affairs Minister Dr. M.Veerappa Moily during a Press
Conference organised on the recent Cabinet Committee on Economic Affairs
Continuation of MCA21 Project” - e-Governance, Computerization and
Networking of Ministry of Corporate Affairs (MCA) and its field offices
in New Delhi today.
The Minister informed that the Cabinet Committee on
Economic Affairs approved continuation of MCA21 Project for its second
cycle from January, 2013 to July, 2021 as a Non-Plan Scheme at a total
project outlay of Rs.357.81 crore including an outlay of Rs.54.42 crore
for independent project management and certification over eight and a
half year period. It also includes an outlay of Rs.29.84 crore for
continuous improvement and up-gradation to the electronic service
delivery of Ministry of Corporate Affairs.
The project will benefit all the companies and LLPs
registered in India. In addition, the project benefits citizens through
its IEPF sub-portal for investor awareness and disclosures. Banks and
financial institutions also benefit immensely from MCA21 as it acts as a
repository of charge information on company/company’s assets. MCA21
project has also benefited various state governments through innovative
use of electronic stamps (e-stamp).
He said the New Features of MCA21 in Second Cycle
Replacement of existing desktops, printers, & scanners
Replacement of UPS with higher backup
Replacement of end-of-life & out-of-support servers and associated
Upgrade Network Connectivity
RD Offices - 2 Mbps or 4 Mbps based on users
Support ISO 27001 Audit of Data Center (DC) and Disaster Recovery Center
(DRC) – For ensuring higher Security Standards
Enhanced User Experience:
Redesign of the portal to provide an enhanced look and feel to the end
Improved dashboards for front office and back office users
Advanced search services
Collaboration tools like Bulletin Board, Discussion Forums etc.
and mobile enabled interfaces
Business analytics solution to support user-defined customizable reports
and enhanced technical scrutiny
E-Governance with E-auction and integrated accounting
Enable Value Added Service (VAS) Providers
Additional Offices like ROC Sikkim
Establishment Functions of CLB and SFIO
Business Process Re-engineering to simplify the forms and processes –
Flexible and configurable application to handle the changes to rules,
processes with a quick turnaround
stage bidding consisting of EOI for short-listing qualified bidder
bidders were shortlisted in October 2011
Comprehensive consultation process before and after release of RFP was
followed to create a level playing field.
Selection Committee comprised of experts from various organizations
having vast experience on IT projects. Technical Committee was chaired
by Prof. Deepak Phatak IIT, Mumbai, and Commercial Committee was
chairted by Sh. Faud Mohammed Advisor & FA North Eastern Railways
Infosys declared as best value bidder. Infosys ranked first in both
technical and commercial evaluation.
Infosys has proposed to implement MCA21 – v2 with Web 2.0 to Enhance
User experience (on MCA Portal Front end) and Customer Relationship
Management (CRM) to improve data structuring and reporting & end-to-end
Dr. Moily also informed that the project will be continued as
Public Private Partnership, with Service Level based Equated Quarterly
payments to M/s Infosys.
The Minister also detailed about the various initiatives of the
M/o Corporate Affairs. Some of the initiatives are as under:
Companies Bill, 2011 final draft after consideration of the Standing
Committee recommendations and comments from the Ministry of Finance, Law
and the Planning Commission is now before the Cabinet for consideration
and it is expected to be taken up for consideration in the ensuring
session of Parliament.
Committee constituted under the chairmanship of Shri Adi Godrej to
draft policy document on Corporate Governance has submitted its report,
which is being examined and the Ministry will finalise National Policy
on Corporate Governance soon.
Note for approval of the draft National Competition Policy has already
consideration of the GOM headed by the Finance Minister, Cabinet Note
for approval of the draft Competition Amendment Bill has also been
has been formed under the Chairmanship of Mr. M.Damodaran, former
Chairman, to suggest a road map for improvement in ease of doing
business in India. The aim is to have a measurable target in terms of
improvement in the rankings within a period of next 3 to 5 years and
place India at one of the top five positions with zero hassles. The
Committte completed the exercise of collecting background materials. The
Committee will hold its first meeting on 10th October, 2012
and is likely to submit its report by end of March, 2013.
Ministry is working towards developing a business confidence index for
the corporate sector in India based on robust economic parameters which
would reflect true strengths and quicker analysis of the corporate
sector in India. It is expected that such index for the corporate
sector in India based on robust economic parameters which would reflect
true strengths and quicker analysis of the corporate sector in India. It
is expected that such index will be in place in the near future.
enactment of the Companie Bill, CSR will get a statutory framework,
wherein 2% of the average profit will have to be spent toward CSR
activities. The MCA is already working on formulation of rules,
procedures, etc. for implementation of this historical provision in the
new Companies Bill.
Ministry is also working on providing a sustainability report framework
which will have to be mandatorily followed by the companies. A Committee
constituted for this purpose has suggested a sustainable reporting
framework, which has been adopted by the SEBI for listed companies.