Government has identified a set of risk factors to generate alerts about serious non-compliances or unusual state of affairs of a company. This is based on the data available in MCA-21. These alerts relate to related party transactions, non-payment of deposits, etc. In reply to an unstarred question in the Lok Sabha today, Minister of Corporate Affairs, Shri Salman Khurshid said that the Registrars of Companies and the regional directorates, have also been involved in this exercise. He also informed the House that strengthening of MCA-21 System is an on-going exercise and the Ministry of Corporate Affairs takes steps on regular basis to update and modify the system according to requirements.

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Category : Income Tax (28787)
Type : News
Tags : MCA (195)

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