Cos need to e-file papers at CFC from Sep 16: Gupta

By Staff
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Google Oneindia News

New Delhi, Aug 4 (UNI) Companies can now file their documents at a Certified Filing Centre (CFC) being set up in 85 towns and centres in the country and get registered within two hours from September 16.

Announcing this, Company Affairs Minister Prem Chand Gupta told newspersons here today that electronic-filing of all documents has been made mandatory for companies from mid-September.

He assured that the centres to be set up by the Institute of Company Secretaries of India, the Chartered Accountants of India and the Cost and Works Accountants of India by themselves or through their regional centres or local chapters would charge a minimum amount of money ranging from Rs 5 to Rs 100 for the services rendered.

The new scheme would ensure "speed, accuracy, uniformity and transparency" in the company registration process, Mr Gupta said.

Prior to filing of papers, companies had to acquire the Director Identification Number (DIN) and Digital Signature Certificates (DSCs).

So far, 563,000 DIN requests had been received and 236,000 requests processed. "It was a good beginning," he said.

Stressing that this needed to be publicised, the Minister said, unless these two criteria were fulfilled a company could not be set up. It would have a "cascading effect and do away with vanishing companies," he stated.

Recalling his earlier days as a businessman, where officers "virtually sat on files", the Minister said that e-registration would now take about two hours to be completed. He cited the recent instance of Corporate Professional Solutions Prviate Ltd which got registered in a record one hour's time on the Ministry website.

"Now in India, if you have documents ready and done your homework properly, business men can set up their company in two hours," he said.

There were various benefits associated with this, the Minister noted. "Documents can be filed anywhere in the country or outside to get the comapny registered." Even in the United States the procedure took three days as also in United Kingdom, Japan or Australia.

The CFC, launched as part of Rs 346 crore MCA 21 project, an e-governance project of the Ministry of Company Affairs, is an ambitious modernisation and computerisation programme launched on March 18, 2006.

The roll out of the MCA21 project has been completed -- it has been set up at 53 centres -- throughout the country except Jammu where due to connectivity problems it has been delayed.

UNI SD RA HS1636

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