Amendment To The Companies Act, 1956

The Union Cabinet has approved the proposal of Ministry of Company Affairs for introducing limited amendments in Companies Act, 1956 through a Bill called Companies (Amendment) Bill, 2006 in the ensuing session of Parliament. These amendments would enable smooth implementation of the MCA 21 e-governance project - the modernization and e-governance initiative of the Government being implemented by the Ministry of Company Affairs.

The MCA21 project will provide the public-corporate entities and others- easy and secure online access to the MCA services, including filing of documents and public access to corporate information, required to be in the public domain under the statute, at any time and from anywhere. This would result in efficiency in provision of professional services and statutory supervision of corporate processes through the use of modern information technology and computers.