The Hindu Business Line : E-filing: RoC offices gearing for Sept 15 deadline

E-filing of all relevant company-related documents, under the Government's new MCA-21 programme, with the office of the Registrar of Companies, will become mandatory from September 15, 2006, in West Bengal. Filing can be done from anywhere and anytime on a 24-hour, seven-day basis. Under this programme, the ministry has asked all directors of company boards to apply for allotment of DIN (Director Identification Number), and the professionals and company directors required to sign the documents have been asked to procure Digital Signature Certificates (DSCs).

Speaking at an interactive session on "MCA 21, New tool of corporate governance", organised by the Merchants Chamber of Commerce here on Saturday, Mr U.C. Nahata, Regional Director, Ministry of Company Affairs, Government of India, said some 3 lakh digital signature certificates had already been received on all-India basis, and the department was now gearing up to stay clued to the September 15, 2006 deadline. He, however, admitted that there were some teething problems at the Kolkata office, and these were being addressed by TCS on a priority basis. TCS is executing the Rs 200-crore MCA 21 programme for the Government of India.

According to experts, there were 7 lakh corporate entities in India who need to get registered under MCA 21, and this would entail at least 20 lakh Digital Signature Certificates (DSCs).

Multiple modes of payment

Mr Nahata said multiple modes were allowed for fee payment for document filing, including credit card and Internet banking. A Physical Front Office has been set up at Salt Lake to facilitate filing by companies. Some five large banks, with as many as 200 branches, have been authorised to facilitate payments through challans. He said a database of directors was now under preparation at the ROC.

Pointing out that MAC 21 would impart speed and transparency to work and cross-referencing of financial statements by companies at all ROC offices throughout the country, Mr Nahata said it would also help lenders (such as banks) in their credit evaluation process.

According to Mr Santosh Saraf, president of MCC, the programme will enlarge the ambit of corporate governance and put pressure on companies to comply with all statutory obligations.

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