Regarding MCA21 system
Subsequent to the New Companies Act, Infosys has upgraded the MCA21 system to run on the SAP platform, which went live on March 27, 2016. Post the go-live, as on April 22, over 1,183 Indian companies have been incorporated and 1,647 Limited Liability Partnerships have been registered on the system. In addition, since March 27, 2016, there have been more than 2 Lakh filings. Looking at the data for the week gone by in 2015 during the same week, we have had an average of 8013 filings per day (excluding the weekends) while the current average is around 9759, an increase of more than 20%.
During the first couple of weeks, after migrating to the new system, there were some issues which by and large have been sorted out. There were some delays in the incorporation of some companies due to holidays. The Ministry has made arrangements to clear the pendency by deploying additional Assessment Officers. We will continue to monitor the situation and work closely with the Ministry. We expect the situation to come back to normal in the next few weeks.
Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.