Consider the following statements with reference to MCA21 project It enables secure access to Minist...........

Governance Issues E-Governance

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Consider the following statements with reference to MCA21 project

It enables secure access to Ministry of Corporate Affairs services in an assisted manner for corporate entities, professionals, and general public.
MCA21 is designed to fully automate all processes related to enforcement and compliance of the legal requirements under the SEBI Act, 1992.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

The Ministry of Corporate Affairs (MCA), Government of India, has initiated the MCA21 project, which enables easy and secure access to MCA services in an assisted manner for corporate entities, professionals, and general public.

MCA21 project is designed to fully automate all processes related to enforcement and compliance of the legal requirements under the Companies Act, 1956.
During the fiscal 2021-22, the Ministry of Corporate Affairs (MCA) will launch data analytics driven MCA21 Version 3.0. This Version will have additional modules for e-Adjudication, e-Consultation and Compliance Management.

MCA21 V3 Project is a technology-driven project, envisioned to strengthen enforcement, promote Ease of Doing Business, enhance user experience, facilitate seamless integration and data exchange among Regulators. The project will have Micro-services architecture with high scalability and capabilities for advanced analytics.

Hence only statement 1st is correct.