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DCA not to accept physical documentation in future
August, 21st 2007

In its drive to make e-governance initiatives 100 per cent online, the Department of Corporate Affairs (DCA) on Monday announced that in the next 3-4 months, it would refuse to accept physical documentation including those of stamp papers from corporates to meet their various legal obligations.

While speaking at an Assocham organised event, the Secretary, Ministry of Corporate Affairs, Mr Anurag Goel, added that the DCA was in constant consultation with the State Governments to accept stamp papers deliveries from corporates to it through online mode since the issue of stamp papers falls under their jurisdiction.

Mr Goel also announced that all formalities have been completed to set up the Indian Institute of Corporate Affairs within an initial capital of Rs 211 crore.

The institute will prepare senior executives including army personnel and other experts for knowledge management so that these can take up corporate boards positions like that of independent directors without being prone to risks and render their duties in efficient and effective manner, he said.

 
 
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