New Student User- Use Code HELLO

Register Now

E- adjudication facility by Ministry of Corporate Affairs

Published on January 29, 2023
Current context: To make ministry services more accessible, the Ministry of Corporate Affairs introduced MCA21. The government just updated MCA21 with a few important improvements
E- adjudication facility by ministry of corporate affairs
  • They are e-adjudication, e-consultation, and compliance management. A ruling on a dispute is referred to as adjudication.
  •  E-adjudication is a platform for online dispute resolution. As a result, fewer cases will be submitted to the NCLT (National Company Law Tribunal). Additionally, the E - Adjudication will make doing business easier.
  •  The E - Adjudication facility's description. This facility will reduce the Companies Act's list of offences.It will aim to lessen the requirements for compliance.
  •  Physical meetings have been relaxed to improve the facility's success rate. Every discussion must be conducted via video conference.
  •  In addition to these actions, the Ministry of Corporate Affairs will also establish a facility to expedite the procedures involved in a corporate withdrawal. MCA21 has been connected to TAN, PAN, and CBDT.
  •  There are more and more startup businesses. There were 64,300 new businesses in the nation in 2015. The amount has increased to 167,000 as of 2022.
  •  By March 2023, the ministry must have finished the entire corporate reform process.


 Q.1 What are the recent updates made to MCA21 by the Ministry of Corporate Affairs?
 a. Physical meetings and compliance management
 b. E-adjudication, compliance management, and e-consultation
 c.A centre for speeding up corporate exit processes
 d. All of the above

ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu