Quick Summary
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs review meeting with Regional Directorates and Registrar of Companies in New Delhi, today Governance must be easy, transparent and facilitative, says FM; Stresses on MCA to adopt a futuristic approach Frequent legislative reforms like IBC reflect Indias responsiveness to changing times: Union Finance Minister MCA must follow motto of maximum governance and minimum government: MoS MCA Shri Harsh Malhotra Union Mi
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FAQ :
The review meeting focused on enhancing e-governance, fast-tracking company mergers, and improving the delivery of services by the Regional Directorates and Registrar of Companies.
The Finance Minister's vision is for governance to be easy, transparent, and facilitative, with the MCA adopting a futuristic approach.
The Finance Minister directed the MCA to build a live dashboard to ensure greater transparency in its systems.
The MCA plans to rationalise and reduce the number of forms to lessen the compliance burden on people, and explore hosting electronic guidance materials like videos and presentations.
Frequent legislative reforms like the Insolvency and Bankruptcy Code (IBC) reflect India's responsiveness to changing times and ensure systems are responsive to current needs.
The MCA must follow the motto of maximum governance and minimum government.
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