MCA establishes Central Scrutiny Centre for scrutiny of Straight Through Processes (STP) e-forms

MCA establishes Central Scrutiny Centre for scrutiny of Straight Through Processes (STP) e-forms

Studycafe | Mar 19, 2021 | Views 2254679

MCA establishes Central Scrutiny Centre for scrutiny of Straight Through Processes (STP) e-forms

MCA establishes Central Scrutiny Centre for scrutiny of Straight Through Processes (STP) e-forms

As per the Budget 2021 proposal, MCA during the coming fiscal 2021-22, we will be establishing Scrutiny based on data analytics, artificial intelligence, machine learning. MCA has now established a Central Scrutiny Centre (CSC) for carrying out scrutiny of Straight Through Processes (STP) e-forms filed by the companies under the Company Law made thereunder.

Notification for the same is given below:

Notification

S.O. 1257(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 396 of the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the Act), the Central Government hereby establishes a Central Scrutiny Centre (CSC) for carrying out scrutiny of Straight Through Processes (STP) e-forms filed by the companies under the Act and the Rules made thereunder.

2. The CSC shall function under the administrative control of the e-governance Cell of the Ministry of Corporate Affairs.

3. The CSC shall carry out scrutiny of the aforesaid forms and forward findings thereon, wherever required, to the concerned jurisdictional Registrar of Companies for further necessary action under the provisions of the Act and the Rules made thereunder.

4. The CSC shall be located at the Indian Institute of Corporate Affairs (IICA), Plot No. 6, 7, 8, Sector 5, IMT Manesar, District Gurgaon (Haryana), Pin Code- 122050.

5. This notification shall come into force from the 23rd March 2021.

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