MCA21 Version 3.0

News: Minister of State for Finance and Corporate Affairs launched the first phase of Ministry of Corporate Affairs’ (MCA) MCA21 Version 3.0.

About MCA21

  • The MCA V3.0 is going to be implemented in two phases. The second and final phase shall be launched from October 2021 onwards. The entire project is proposed to be launched within this Financial Year and will be data analytics and machine learning driven.
  • The MCA21 V3.0 in its entirety will not only improve the existing services and modules, but will also create new functionalities like e-adjudication, compliance management system, advanced helpdesk, feedback services, user dashboards, self-reporting tools and revamped master data services.
  • MCA21 has been part of Mission Mode projects of the Government of India. Bagging several accolades in past, the project has now reached its 3rd
  • 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.

The e-consultation module will facilitate:

  • virtual public consultation of proposed amendments and new legislations to be introduced by MCA from time to time.
  • leverage Artificial intelligence for compiling, grouping and categorizing comments/inputs received from stakeholders and create analytical reports for quick policy decision making.
  • new email service for officers of MCA will provide them with advanced features and capabilities for organised and managed communication with internal as well as external stakeholders.