Govt plans introducing artificial intelligence system in MCA 21 portal

Posted on:20 May 2019 15:06:10
Govt plans introducing artificial intelligence system in MCA 21 portal
20 May 2019 Current Affairs: The union government plans to introduce artificial intelligence system in the MCA 21 portal as it seeks to make the compliance process easier as well as ensure routine enforcement activities are done round-the-clock on autopilot basis.
MCA 21 is the electronic backbone for the dissemination of information to all stakeholders, including the regulator, corporates and investors.
All filings under the companies law are submitted to the ministry through this portal.
Ministry of Corporate Affairs Secretary Injeti Srinivas has said the ministry would like to introduce Artificial Intelligence in MCA 21 when version 3 of the portal is rolled out in about a year's time.
The union government plans to introduce artificial intelligence system in the MCA 21 portal as it seeks to make the compliance process easier as well as ensure routine enforcement activities are done round-the-clock on autopilot basis.
MCA 21 is the electronic backbone for the dissemination of information to all stakeholders, including the regulator, corporates and investors.
All filings under the companies law are submitted to the ministry through this portal.
Ministry of Corporate Affairs Secretary Injeti Srinivas has said the ministry would like to introduce Artificial Intelligence in MCA 21 when version 3 of the portal is rolled out in about a year's time.

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