A STRONG ENABLER

TECHNOLOGY

Technology Enables:

Global Quality Benchmarks Free Competition Speed of Service Increased Transparency Cost efficiency Knowledge & Resource sharing Sustainable solution.

IMPACT OF TECHNOLOGY ON CORPORATE GOVERNANCE & COMPLIANCE

MCA 21

Digital Signature

Certificate

Video

Conferencing

E–Voting

XBRL

MCA 21

Need for MCA 21:

Services to nearly 7.5 lakh corporate entities.

Elimination of Paper work Maintaining Global standards.

Re-positioning India in Global digital map Fully automated for proactive enforcement and compliance of the statutory legal requirements

Major Components

Front Office Back Office

Digital Signature Certificates

For authentication of any electronic record by a subscriber by means of an electronic method.

It issued by a Certifying Authority.

Uses:

Authenticity Confidentiality Integrity Non-Repudiation

Digital Signature comprises of:

Public key Private key

E-voting in Annual General Meeting:

Election system that allows to vote through internet.

E-Voting has been made mandatory for the top 500 listed on the Stock exchanges. Presently this service is provided free of cost.

Uses:

Provides a check for Red Tapism.Encourages active participation of shareholders

Video Conferencing

It is conducting an audio & video conference between two or more persons situated at different places.It is a part of Green initiative taken by the MCA for Corporate Governance.Approval is given to Companies to hold Board and Annual General Meetings through Video conferencing.

Uses:

Cost & Time efficient Speedy Decision Making Transparency Provides larger participation

Participants:

Software vendors

CompaniesTradin

g partne

rs

Auditors

Management

Accountants

Investors

Central Banks

Financial publishers

Regulators

Language for the electronic communication of business and financial data. It provides major benefits in the preparation, analysis and communication of business information. It is being developed by a non-profit consortium.

eXtensible Business Reporting Language

ALL THE VERY BEST THANK YOU