MCA Is Set To Launch Virtual Hearings
Corporate lawyers and executives will no longer have to attend case hearings at company registrar offices.
The Ministry of Corporate Affairs (MCA) plans to introduce e-adjudication on its statutory filing portal by March. This move comes as a result of the increased number of filed returns this year. When implemented, all actions by the Registrars of Companies (RoCs) for company law breaches and defaults will take place exclusively online, including hearings. The rollout is expected to happen before the end of the current fiscal year, according to anonymous sources familiar with the matter.
Currently, government officials use physical, traditional letters to communicate with authorised company executives. Some officials go a step further and email-scan copies of these letters for quicker delivery. The upcoming system is anticipated to expedite fast-track proceedings by eliminating travel during case hearings.