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How govt's new AI-based system can help cos save non-compliance costs, time

Currently, all forms and documents are electronically filed with the MCA

Topics
Ministry of Corporate Affairs | artificial intelligence | Companies Act

Sudipto Dey 



CMS, Content management system, MCA, Companies, IT returns, filing, forms, digital forms
The MCA CMS portal will identify non-compliances and send show-cause notices to non-compliant companies/directors digitally

Recently, the (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.

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First Published: Sun, November 10 2019. 19:53 IST

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