MCA 21 SECOND CYCLE TO BENEFIT
ALL THE COMPANIES AND LLPS REGISTERED IN INDIA :- DR. M.VEERAPPA MOILY
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 approval of Continuation of MCA21 Project” - e-Governance,
Computerization and Networking of Ministry of Corporate Affairs (MCA) and its field
offices (MCA21 v2) here in New Delhi on 26th Sept, 2012.
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 includes:
Infrastructure:
- Replacement of existing desktops, printers, & scanners
- Replacement of UPS with higher backup
- Replacement of end-of-life & out-of-support servers and associated infrastructure
- Upgrade Network Connectivity
- ROC & RD Offices - 2 Mbps or 4 Mbps based on users
- MCA-HQ: 8Mbps
- 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 users
- Improved dashboards for front office and back office users
- Advanced search services
- Collaboration tools like Bulletin Board, Discussion Forums etc.
- SMS and mobile enabled interfaces
- Business analytics solution to support user-defined customizable reports and enhanced technical scrutiny
Additional Functionalities:
- OL E-Governance with E-auction and integrated accounting
- To 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 – continuous process
- Flexible and configurable application to handle the changes to rules, processes with a quick turnaround
Selection Process:
- Two stage bidding consisting of EOI for short-listing qualified bidder
- Eight 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
- M/s 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 database management.
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:
· The
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.
· The
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.
· Cabinet
Note for approval of the draft National Competition Policy has already been
circulated.
· After
consideration of the GOM headed by the Finance Minister, Cabinet Note for
approval of the draft Competition Amendment Bill has also been circulated.
· A
committee 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.
· The
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.
· With
the 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.
· The
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.
Source: Press Release of
MCA, dated 26-September-2012
With
Regards
Prakash
Verma
E
ID:- Prkverma@gmail.com
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