Government to introduce AI in MCA 21 portalDate: 20 May 2019 Tags: Ministries & Departments
Union Ministry of Corporate Affairs (MCA) has announced that it will introduce Artificial Intelligence in MCA 21 portal. It will be rolled out with version 3 of the portal. The purpose of introducing AI is to make compliance process easier as well as ensure routine enforcement activities are done round-the-clock on autopilot basis.
It is an e-Governance initiative of Ministry of Company Affairs (MCA). It was first Mission Mode Project launched under Union Government’s ambitious National e-Governance plan (NeGP). It serves as electronic backbone for dissemination of information to all stakeholders, including the regulator, corporates and investors. All electronic filings of various documents under Companies Act, 2013 are submitted to ministry through this portal. It has fully automated all processes related to enforcement and compliance monitoring under the Act.