 "CMS, Content management system, MCA, Companies, IT returns, filing, forms, digital forms")
Recently, the Ministry of Corporate Affairs (MCA) unveiled on its website an artificial intelligence-based Compliance Monitoring System (CMS). This will enable real-time monitoring of non-compliance of certain technical provisions in the Companies Act, 2013.
The CMS has started generating e-show cause to companies and directors for non-compliance related to holding their annual general meetings and lapses in the filing of secretarial audit reports. It allows e-adjudication of certain lapses and paying penalties online, doing away with the need to visit an MCA office or go through a legal process. Experts explain how companies can help make the CMS better
The CMS has started generating e-show cause to companies and directors for non-compliance related to holding their annual general meetings and lapses in the filing of secretarial audit reports. It allows e-adjudication of certain lapses and paying penalties online, doing away with the need to visit an MCA office or go through a legal process. Experts explain how companies can help make the CMS better
