New Delhi, Aug 29 (ANI): The Union Ministry of Information Technology said on Friday that the UPA Government's next E-Governance project - NextGen MCA21 - would possess the capability of meeting the challenges of the country's growing economy.

Inaugurating a Thinkshop on the project here, Union Information Technology Secretary Jainder Singh said, "Our rapid pace of growth is putting immense work pressure on current institutional structures, current ways of functioning, and current ways of managing information and current regulatory practices. This coupled with heightened expectations of the stakeholders on account of the success of MCA21 has created an urgent need to evolve further to meet the pressure and expectations."

Former NASSCOM president Kiran Karnik said that the MCA21 has introduced a lot of transparency in corporate affairs and helped all stakeholders in the public and private sectors. .

The efforts of the next generation should concentrate on doing something totally new, and not seek mere extension of present programme," he added.

The Thinkshop is the first project launched under the National e-Governance Plan (NeGP) and has proved to be a major step forward and catalyst for promoting citizen centric service delivery mechanism. The MCA21 is a comprehensive, end-to-end service oriented solution, which has improved the compliance of various provisions of the Companies Act.

As a result of the MCA21, procedures like the approval of name, registration of a company, change of name of the company, issue of certified documents, annual filings, inspection of public documents which earlier used to take several days, are being delivered on the same day.

The popularity of the project can be judged from the fact that the MCA portal receives 1.7 million hits a day. This project has ushered a new era in corporate governance interaction. (ANI)

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