April 25, 2006 | The Asian Age

MCA, TCS starts e-governance

The ministry of company affairs (MCA) and Tata Consultancy Services (TCS) announced the launch of the largest e-governance initiative (MCA21) in Mumbai on Monday. The MCA21 initiative has already been implemented in Coimbatore, Ernakulam, Pondicherry, Delhi, Jaipur, Pune, Ahmedabad and Hyderabad. Later this week, it will be rolled out in Bangalore and Gwalior as well. The programme is expected to provide easy access to electronic or e-filing annual corporate returns with the registrars of companies (RoCs) and the ministry of company affairs.

Through this project, corporates in Mumbai can now register a company, file statutory documents quickly with the use of digital signatures, provide investors with easy access to relevant company records and effective grievance redressal platform. Mr S. Ramadorai, chief executive officer and managing director, TCS, said, "This initiative will enable all existing and future corporate entities to transact all statutory requirements with the MCA through a set of pre-defined service levels thereby bringing speed, transparency and efficiency into the system."

Initially, 53 offices will be manned by TCS to support free e-filing of documents by corporate houses in conjunction with the 20 offices of RoCs nationwide. Additionally, regional councils, professional agencies and local chapters, such as Institute of Company Secretaries of India, Institute of Chartered Accountants of India and the Institute of Cost and Works Accountants of India, will be allowed to operate additional centres to provide certified e-filings for a nominal service charge.

With more than 7,000 companies under liquidation proceedings, the MCA also announced a similar initiative to digitise the huge number of documents generated during the liquidation process. The tenders for the multi-crore initiative would be announced soon.