{"id":2289,"date":"2021-02-15T06:49:45","date_gmt":"2021-02-15T06:49:45","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=2289"},"modified":"2021-02-15T07:15:21","modified_gmt":"2021-02-15T07:15:21","slug":"mca21-version-3-and-1st-mission-mode-e-governance-project","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/mca21-version-3-and-1st-mission-mode-e-governance-project\/","title":{"rendered":"MCA21 Version 3.0: 1st Mission Mode E-Governance Project"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The Ministry of Corporate Affairs (MCA) has declared\nto launch an online portal named \u201cMCA21 Version 3.0\u201d during the financial year\n2021 to 2022. Also, it shall be significant to take into the note that the said\nonline portal will be the 1<sup>st<\/sup> Mission Mode E-governance Project of\nthe Government of India.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a8f55e6864\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a8f55e6864\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/mca21-version-3-and-1st-mission-mode-e-governance-project\/#Concept_of_MCA21_Mission_Mode_Project\" title=\"Concept of MCA21 Mission Mode Project\">Concept of MCA21 Mission Mode Project<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/mca21-version-3-and-1st-mission-mode-e-governance-project\/#Objectives_of_MCA21_Version_30\" title=\"Objectives of MCA21 Version 3.0\">Objectives of MCA21 Version 3.0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/mca21-version-3-and-1st-mission-mode-e-governance-project\/#Key_Components_of_MCA21_Version_30\" title=\"Key Components of MCA21 Version 3.0\">Key Components of MCA21 Version 3.0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/mca21-version-3-and-1st-mission-mode-e-governance-project\/#E-Scrutiny\" title=\"E-Scrutiny \">E-Scrutiny <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/mca21-version-3-and-1st-mission-mode-e-governance-project\/#_E-Adjudication\" title=\"&nbsp;E-Adjudication\">&nbsp;E-Adjudication<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/blog\/mca21-version-3-and-1st-mission-mode-e-governance-project\/#E-Consultation\" title=\"E-Consultation\">E-Consultation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/blog\/mca21-version-3-and-1st-mission-mode-e-governance-project\/#Compliance_Management_System\" title=\"Compliance Management System\">Compliance Management System<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/blog\/mca21-version-3-and-1st-mission-mode-e-governance-project\/#Introduction_of_MCA_Lab\" title=\"Introduction of MCA Lab\">Introduction of MCA Lab<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/blog\/mca21-version-3-and-1st-mission-mode-e-governance-project\/#Other_Components\" title=\"Other Components\">Other Components<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/blog\/mca21-version-3-and-1st-mission-mode-e-governance-project\/#Conclusion\" title=\"Conclusion \">Conclusion <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/blog\/mca21-version-3-and-1st-mission-mode-e-governance-project\/#Official_MCA21_Version_30_Notification\" title=\"Official MCA21 Version 3.0 Notification\">Official MCA21 Version 3.0 Notification<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_MCA21_Mission_Mode_Project\"><\/span>Concept of MCA21 Mission Mode Project<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The term MCA21 Mission Mode Project means an\ne-governance plan, which was started by the Ministry of Corporate Affairs\n(MCA). Further, the reason behind the amendment of this project was to assist\nthe ministry in offering services to the 7.5 lakh corporate entities. &nbsp;<\/p>\n\n\n\n<p>Further, it shall be significant to take into note\nthat MCA21 portal is used by various companies for submitting their documents\nas a part of compliance requirements under the provisions of the Companies Act\n2013.<\/p>\n\n\n\n<p>Furthermore, this portal is driven by Data Analytics\nand will have additional modules for Compliance Management, E-Adjudication, E-Consultation.\n<\/p>\n\n\n\n<p>Also, this online portal will be well equipped with various micro services architectures for advanced analytics and upcoming digital platforms, such as Machine Learning (ML) and Artificial Intelligence (AI).<\/p>\n\n\n\n<p><strong>Also, Read:<\/strong> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/customs-tariff-identification-and-assessment-of-safeguard-duty-amendment-rules-2021\/\">Customs Tariff (Identification and Assessment of Safeguard Duty) Amendment Rules 2021<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Objectives_of_MCA21_Version_30\"><\/span>Objectives of MCA21 Version 3.0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The key objectives of MCA21 Version 3.0 are as follows:<\/p>\n\n\n\n<ul><li>To Reinforce\nEnforcement and Transform Corporate Regulatory Sector in India;<\/li><li>To Promote Ease\nof Doing Business;<\/li><li>To Enhance User\nExperience;<\/li><li>To Facilitate\nSeamless Data Exchange and Integration among Regulators;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Components_of_MCA21_Version_30\"><\/span>Key Components of MCA21 Version 3.0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The key components of MCA21 Version 3.0 are as\nfollows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"E-Scrutiny\"><\/span>E-Scrutiny <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As per this component, the <a href=\"http:\/\/www.mca.gov.in\/\">Ministry of Corporate Affairs<\/a> is all set to\nconstitute a Central Scrutiny Cell for the purpose of inspecting and examining\nsome STP (Straight Through Process) Forms filed by the corporates on the\nofficial MCA21 registry. Also, this particular cell will raise flag to those\ncompanies which require in-depth scrutinises.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"_E-Adjudication\"><\/span>&nbsp;E-Adjudication<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The reason behind the implementation of\nE-Adjudication was to manage the continuously mounting adjudication proceedings\nby ROC (Registrar of Companies) and RD (Regional Directors). Also, it will\nconfirm both the complete digitisation of the process of adjudication and will\nwork as a platform for conducting online proceedings or hearings with the\nparties.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"E-Consultation\"><\/span>E-Consultation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The reason behind the implementation of\nE-Consultation was to automate and improve the process of public consultation\non the proposed amendments and draft rules. Also, it shall be noteworthy to\ntake into consideration that the said implementation will assist in AI driven\nsentimental analysis, consolidation, and categorization of stakeholder input,\ntogether with the creation of reports.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Compliance_Management_System\"><\/span>Compliance Management System<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The main reason behind the implementation of the\nCompliance Management System was to determine the non-compliant Limited\nLiability Partnerships or Companies, together with the issuance of notice to\nthe defaulters. Also, this mechanism will raise alerts about defaulters to internal\nusers.<\/p>\n\n\n\n<p>Further, this mechanism will work as a technology\nplatform or solution for carrying out rule based compliance checks and\nundertake enforcement drives of MCA (Ministry of Corporate Affairs), such as\nthe issuance of e-notice for the administration of corporates.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction_of_MCA_Lab\"><\/span>Introduction of MCA Lab<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The main objective behind the implementation of the\nMCA Lab was to evaluate the efficiency of the Compliance Management System and\ne-consultation modules. Also, it shall be taken into the record that an MCA Lab\nconsists of corporate law experts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Other_Components\"><\/span>Other Components<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The other components of MCA21 Version 3.0 are as\nfollows:<\/p>\n\n\n\n<ul><li>Cognitive\nchatbots enabling helpdesk;<\/li><li>Mobile\nApplications;<\/li><li>Interactive\nDashboards;<\/li><li>Enhancement of\nUser Experience by way of UI\/ UX technologies;<\/li><li>Continuous Data Dissemination\nby way of APIs (Application Programming Interface);<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In a nutshell, the government has decided to\nimplement MCA21 Version 3.0 in the financial year 2021 to 2022, to improve the\ncorporate sector of the company. Further, the main components of such an\ne-portal are E-Scrutiny, E-Adjudication, E-Consultation, Compliance Management\nSystem, and MCA Lab.<\/p>\n\n\n\n<p>In case of any doubt or query, visit <strong><a href=\"https:\/\/swaritadvisors.com\/\" class=\"text-primary\">Swarit\nAdvisors<\/a><\/strong>, our experts are to solve out all your doubts and issues.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Official_MCA21_Version_30_Notification\"><\/span>Official MCA21 Version 3.0 Notification<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/02\/mca21-v3.0-1-1.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">mca21-v3.0-1-1<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n\n\n\n<p><strong>Also, Read:<\/strong> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/legal-entity-identifier\/\">Legal Entity Identifier: Implementation of LEI by RBI<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Corporate Affairs (MCA) has declared to launch an online portal named \u201cMCA21 Version 3.0\u201d during the financial year 2021 to 2022. Also, it shall be significant to take into the note that the said online portal will be the 1st Mission Mode E-governance Project of the Government of India. Concept of MCA21 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[50],"tags":[384,383],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2289"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=2289"}],"version-history":[{"count":6,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2289\/revisions"}],"predecessor-version":[{"id":2299,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2289\/revisions\/2299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/2292"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=2289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=2289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=2289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}