The corporate affairs ministry is preparing to launch the third version of the MCA21 portal in March, starting with the LLP module.
The third version of the portal, a key platform to submit the required documents and filings under the companies law and the Limited Liability Partnership Act, will leverage analytics, artificial intelligence and machine learning.
An official said the third version of MCA21 is expected to be rolled out in March and the LLP module will be rolled out first.
The ministry has told stakeholders that it will launch a new way of e-filing for LLP on the portal and that going forward, all LLP filings will be web-based.
"This application is proposed to be launched on March 6, 2022, at 12:00 am," the ministry said in a notice on its website.
There are also plans to set up an MCA lab as part of the third version of MCA21 for improving data analytics.
"Version 3 of MCA21 is proposed to be launched and deployed in phases and will include company and LLP modules, e-adjudication, e-consultation, e-book, Learning Management and Compliance Management System driven by data analytics, Artificial Intelligence and Machine Learning," Minister of State for Corporate Affairs Rao Inderjit Singh informed Lok Sabha in December last year.
L&T Infotech is developing the third version of the portal.
In her Budget Speech in February 2021, Finance Minister Nirmala Sitharaman said that in the financial year 2021-22, "we will be launching data analytics, artificial intelligence, machine learning-driven MCA21 Version 3.0. This Version 3.0 will have additional modules for e-scrutiny, e-adjudication, e-consultation and compliance management".
Sitharaman is also in charge of the corporate affairs ministry.
MCA21 also provides public access to corporate information.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU