Government to Introduce AI System in MCA 21 Portal

  • On 20th May, 2019, the Ministry of Corporate Affairs (MCA) planned to launch an artificial intelligence (AI) system in the MCA 21 portal in order to make the process of compliance simpler.

MCA 21

  • Started in 2006, it is an application that allows new businesses to complete onlineregistration procedures easily.
  • The first phase (2006-2012) was executed by Tata Consultancy Services (TCS).
  • Second phase is being implemented by Infosys (January 2013-July 2021).
  • It will be introduced in the third phase of MCA 21.
  • This portal enables electronic submission of various documents under the Companies Act, 2013.

Benefits

  • Following the Principle of Single Source of Truth, ....

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