Minister of State for Finance and Corporate Affairs Anurag Singh Thakur launched the first phase of Ministry of Corporate Affairs’ (MCA) MCA21 Version 3.0 (V3.0) comprising revamped website, new email services for MCA officers and two new modules — e-book and e-consultation.

What is MCA21?

• MCA21 has been part of mission mode projects of the government. Bagging several accolades in the past, the project has now reached its third version. 

• MCA21 V3.0 is part of this year’s Budget announcement and will leverage the use of latest technologies to further streamline the corporate compliance and stakeholders experience.

• MCA21 — which allows electronic filings of various documents under the companies law — is being redesigned. 

• The first phase of the MCA21 V3.0 (third version) has now been launched, and the second and final phase would be launched from October this year.

• The portal is the key platform for companies to submit the required documents and filings. Besides, it provides public access to corporate information.

• MCA21 V3.0 will reduce the requirements of attachments, make the forms web-based and also strengthen the pre-fill mechanism.

• The entire MCA V3.0 project — proposed to be launched in the current fiscal — will be driven by data analytics and machine learning.

Two new modules

1) The revamped website will refresh the user experience with enhanced look and  feel, the e-book will provide easy access to the updated legislations along with a tracking mechanism for historical changes in law.

2) The e-consultation module will facilitate virtual public consultations of proposed amendments and new legislations to be introduced by the ministry. It will leverage artificial intelligence for compiling, grouping and categorising comments/inputs received from stakeholders and create analytical reports for quick policy decision making.

The new email service for officers will provide them with advanced features and capabilities for organised and managed communication with internal as well as external stakeholders.

Manorama Yearbook app is now available on Google Play Store and iOS App Store