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Ministry of Corporate Affairs (MCA) is continuously working towards achieving the e-Governance Model in Corporate & Secretarial Compliances. MCA has taken pathbreaking steps in the direction of Digitalisation of Corporate & Secretarial Compliances. One of the Initiative by Government is as discussed below.
The Ministry of Corporate Affairs has introduced a new Web-Form, ‘SPICe+’ (pronounced ‘SPICePlus’) and AGILE – PRO replacing the existing SPICe form. SPICe+ would offer 10 different services by three Central Government Ministries & Departments (Ministry of Corporate Affairs, Ministry of Labour& Department of Revenue in the Ministry of Finance), One State Government (Maharashtra) and Banks.
The Ministry of Corporate Affairs has launched a new online monitoring system to streamline the corporates’ compliances, increase transparency and penalise the defaulters to deal with matters of non-compliance more effectively and expediently. This online monitoring systemworks on artificial intelligence and automaticallydetects the non-compliance and digitally sends show cause notice to the defaultercompany or director. The said defaulting company/director isrequired to submit their defence/submission reply, digitally via MCA-CMS portal.
