PM launches e-governance project
The MCA21 project will enable business houses to register and complete legal formalities online in line with efforts to streamline government procedures.Updated: Mar 18, 2006 17:39 IST
India on Saturday announced the launch of its MCA21 project that will enable business houses to register and complete legal formalities online in line with efforts to streamline government procedures.
"This initiative is a major step forward and a milestone in simplifying the way government functions and delivers services to citizens," said Prime Minister Manmohan Singh while formally making the system operational.
The system, which has been adopted by the ministry of company affairs (MCA) with the help of Tata Consultancy Services (TCS), will allow corporate houses to register themselves online and file statutory documents conveniently.
The facility encourages employees to ensure proactive and effective compliance of relevant laws.
Talking about the project which has been conceived under the National e-Governance Plan (NeGP), Company Affairs Minister Prem Gupta said: "This will not only make Indian companies globally competitive but will also make things easier for foreign companies that choose India as a business destination."
Singh said the MCA-21 initiative comprehensively covered the services provided by the ministry to the corporate sector, which would benefit through a hassle free and efficient interface with the government.
Gupta said more than 30 million pages of company information has been digitised and loaded on a data base. The facilities and services offered by the MCA though officials could now be accessed online.
"I believe that banks and financial institutions would benefit from online availability of information relating to companies. They could take advantage of this information in improving their credit evaluation procedures and the overall quality of credit extended," Manmohan Singh said.
Stating that such new technologies would make the government more transparent and less intimidating to people as well as companies, the prime minister said: "The MCA 21 is an excellent example of the kind of initiatives that are needed to enable our nation to meet the challenges of a rapidly growing economy."