The government has approved the continuation of e-Governance initiative MCA21, related to compliance of companies with various laws, till July 2021.An initiative of the Corporate Affairs Ministry, MCA21 is designed to fully automate all processes related to enforcement and compliance of the legal requirements under the Companies Act.
The Cabinet Committee on Economic Affairs approved continuation of MCA21 project for its second cycle from January, 2013 to July, 2021. It will be implemented as a non-plan scheme with an outlay of Rs 357.81 crore, including Rs 54.42 crore for independent project management and certification over the eight-and-a-half year period, according to an official release.
