Better working of company law through e-governance

The MCA-21 Initiative of the Ministry of Company Affairs facilitating e-filing of documents under Indian Company Law is commendable in many ways. First, this is perhaps the first time a government in independent India has moved swiftly to put in place a mechanism that is imaginative, technologically savvy and stakeholder friendly. In a record time of 60 weeks, the MCA-21 Initiative has gone live. Second, there is a good public-private partnership between the Ministry and Tata Consultancy Services (TCS) whereby the latter will man the front offices of all Registrar of Companies (RoC) offices across the country to facilitate easy stabilisation of e-filing of documents under company law. Last, inspection of any document relating to a company allowed under company law can now be done online from anywhere on payment of the prescribed fee. So far so good. more...

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