The Ministry of Corporate Affairs (MCA) recently introduced an artificial intelligence mechanism called the Ministry of Corporate Affairs – Compliance Monitoring System (MCA-CMS) on the MCA 21 portal with an intent is to make compliance procedure simpler.
WHAT IS MCA-CMS?
Ministry of Corporate Affairs – Compliance Monitoring System (MCA-CMS) is the newly introduced online Compliance Monitoring mechanism that works on Artificial Intelligence (AI). The MCA-CMS will allow MCA to issue Show Cause Notice (SCN) to the defaulting Companies through online mode itself. The defaulting Companies are also required to submit their reply to the SCN through MCA-CMS.
HOW WILL THE SHOW CAUSE NOTICE ON MCA-CMS PORTAL LOOK LIKE?
Basis the modalities shared by MCA, the SCN shall be issued from the MCA-CMS portal at the registered email id of the defaulting Company.
Read more on: https://taxguru.in/company-law/e-show-cause-e-reply-mcas-new-tracing-mechanism.html
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