The Ministry of Corporate Affairs (MCA) is set to launch data analytics driven MCA21 Version 3.0 consisting Micro-services architecture with high scalability and capabilities for advanced analytics in fiscal 2021-22.
Having additional modules for e-Scrutiny, e-Adjudication, e-Consultation and Compliance Management System (CMS), this system will strengthen enforcement, promote Ease of Doing Business, enhance user experience, facilitate seamless integration and data exchange among Regulators.
Further, to evaluate the effectiveness of its modules and suggest enhancements to the same on an on-going basis, a MCA LAB is being set up, which will consist of corporate law experts. The primary function of MCA Lab will help MCA in ensuring the correctness of results produced by these key modules in view of the dynamic corporate ecosystem.
Additionally, MCA21 V3 will have a cognitive chat bot enabled helpdesk, mobile apps, interactive user dashboards, enhanced user experience using UI/UX technologies, and seamless data dissemination through APIs.