future with mca21 use technology to beat technology
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TRANSCRIPT
Future With MCA21
Use Technologies
To
Beat Technology …
By : Pavan Kumar Vijay - Managing Director
04/08/23 Workshop on MCA21
Transformation is a part of life
Transformation has bought Fabulous growth in the past…
04/08/23 Workshop on MCA21
Transformation From
Stock Market
Out-Cry System
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To new era of
Online any-where any-time trading
04/08/23 Workshop on MCA21
Transformation From
Physical Share Certificates
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To new era of
Demated Shares
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Abolished Bad Deliveries
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Lost - Lost in transit
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Instant transfers
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Resultant into
Fabulous Growth
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Turnaround in Turnover
5000
47000
96000
0
20000
40000
60000
80000
100000
Turnover in Rs. Crore
Turnover In BSE 1993-2006
1993
1999
2006
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Transformation Replica
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Lapsed geographical boundaries
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Proximity to remote areas
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Transparency
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Change in Mindset
Compliance - easy, Non Compliance - Impossible
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Paradigm Transformation in MCA
Paper Based Operations Paper Less Environment
FromTo
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Implemented to ensure…It’s stakeholders interests & benefits…
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Business
easy registration and compliances
peer group analysis
trade name protection
strategic takeover & acquisitions
reach to public at large
transparency
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Directors
convenience of signing and submission
lapsed geographical boundaries
ease in management
changed mindset to compliances & reporting
e-Governance based Corporate Governance
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Public
easy access to company records
fast redressal to investor grievances
transparency
better management for oppression mismanagement
analysis before investing / lending
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Lenders
easy registration and search of charge
tracking of defaulting companies
effective analysis & tapping of financial reporting & projections of borrowing companies
Tap on frauds and misleading reporting
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Government
proactive and effective compliance
auto-triggered non compliances reporting & issue of show cause notices
Multilevel pre-security
Better statistical reporting & projections
Effective Tracking and management of government funded projects
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MCA Department clerical to strategic delivery of best services time for qualitative analysis tracking and timely action against
defaulting companies increased Transparency timely action on approvals /reporting. audit trail
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Professionals
Increased compliance awareness
increased efficiency in services
unbounded tremendous opportunities
expanded geographical reach
economy at operations
Instant delivery to increased clientele
New service horizons
04/08/23 Workshop on MCA21
New Service Horizons
Online Audit & Due Diligence
Increase in Investigations, Prosecutions & compounding matters
Increase in Corporate Restructuring & Planning
Certified Facilitation Centers
e-search, e-filings, e-Incorporations
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ROC Level
Multi level scrutiny
Portal Level
Professional Level
Form Level
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Works that will gain more importance
Balance Sheet & Directors Report Analysis Qualitative Analysis of Database Surveillance Monitoring of Professionals Reduction in Corporate Frauds Investigation & Prosecution Investors Grievance handling Innovative Schemes for Corporate World
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Only Understanding the technology can give us an edge……..
Understand the systems..
Understand the software……
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Only Understanding the technology can give us an edge……..
Use Technology….
PrimoPDF.exe
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Government Perception
“Freedom with Accountability”
Shri Prem Chand Gupta
Hon’ble Minister
Ministry of Company Affairs
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Further to add on…
MCA21 has bought
all the professionals
on the similar footing,
Now innovative
&
instant solution delivery
is mantra to success
for all the professionals
04/08/23 Workshop on MCA21
A small example of innovation…
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So Lets Gear-up…
Understand Advanced Technologies Move faster than technological changes Self help is the need of hour Use technologies to carry procedural works Devote precious time for innovations
04/08/23 Workshop on MCA21
Thanks A Lot
&
All the best for the upcoming opportunity