MCA-21&INVESTORS;PROTECTION
The tremendous growth of the Indian companies remains reckoning in today’s globally competitive environment forced to take new initiative namely electronic administration in corporate sector.
MCA-21portal is visualized to make available anytime and anywhere services to business and investors.
Builds on Government of India vision to bring in a service oriented approach in the design and delivery of government services establish a healthy company eco-system and make the country globally competitive and aggressive.
VISION OF MCA-21
v To be a leader and partner initiatives of corporate reforms among good corporate governance and enlightened regulation with a view to promote and facilitate effective corporate and investor protection.
SCOPE OF MCA-21
Provide for anytime and anywhere electronic services with speed and certainty to the stakeholders.
Designed to automate the process related to the proactive enforcement and compliance of legal requirements under the companies act, 1956.
To ensure quality service the government will take the following steps:
1. Establishment of robust and scalable infrastructure for 24*7 reliable accesses from anywhere;
2. Digitization of about six crore sheets of documents including Memorandum and Articles of Association;
3. Making Digital Signature Certificates (DSCs) mandatory to ensure authenticity and maximum security of documents;
4. Introduction of electronic payment mechanism;
5. Establishment of facilitation centers to support those needing assistance in
E-Filing;
6. Creation of a new set of revamped e-Forms leading to reduction in total number of forms besides elimination of repetitive data;
7. Collection of stamp duty in due course of time subject to authorization from respective state governments, eliminating use of physical stamp papers.
KEY BENEFITS OF MCA-21
(i)Prompt incorporation of companies.
(ii)Simplified and ease of convenience in filing of forms and returns.
(iii)Better compliance management.
(iv)Transparency through e-governance.
(v)Customer centric approach.
(vi)Building up a centralized database storehouse of corporate operations.
(vii)Inspection of public documents of companies anytime from anywhere.
(viii)Timely redressal of Investor grievances.
INFORMATION TECHNOLOGY AND STOCK MARKET
New financial products and
Changing market designs
Improved computer and telecommunication technology have led to dramatic and
v Rapid changes in the structure of financial markets and institution.
v Technology has erased the geographical boundaries even creating new alternatives
Technology led to a paradigm shift and revolutionized the structure and the functions of the securities market.
Squash the disagreement trading system Online trading from 364 cities
JOSEPH GRUNDFEST of Standard Law School had aptly said that “The securities industry is, in many essential respects an information processing industry
A typical investor will require a few or all of the following:
Confidence
Ability to trade,
An efficient and comprehensive settlement.
Protection of investors
INVESTOR PROTECTION
SEBI – Twin functions
Regulatory
To protect the interests of investors
To regulate the Securities Markets
Developmental
To promote the development of Securities Markets
Governing Legislations
The functions of SEBI flow from the following legislations:
SEBI Act, 1992
Companies Act, 1956
Securities Contracts (Regulation) Act, 1956
Depositories Act, 1996
Rules, Regulations Guidelines and Circulars.
CAUTION TO THE INVESTORS
Empower yourself through information.
Investing is a serious business.
Be informed about the risks and rewards of products/mechanisms before investing. This understanding would facilitate prudent decision making at your end.
Just don’t buy a paper; take stake in an organization. Endow with the required information before initiating this relationship.
Seek advice from an expert, if required, before committing any position in the market.
Read documents and understand the implications before entering in to contracts, with various intermediaries in the market and issuers.
Deal with only the SEBI registered intermediaries. Know the intermediary, his history, potential to deliver etc. before entering into relationship. Don’t get carried away just by the charges.
Don’t be carried away by the influence of the broker/selling agent. Take decisions independently and gradually based on the information. Be doubly sure about the appropriateness of the product/ products/ contracts etc before investing.
In a nutshell, The advantages of MCA-21initiatives are speed in processing of applications, easier payment mechanism, certainty in delivery, ensuring pro-active and effective Compliance of relevant laws and corporate governance, easy access to relevant records and redressal of grievances, etc,
(ArticlesBase SC #1300377)
Toyota Motor Corporation - Video Profile
This video profile focus' on the history and progression of the big company Toyota Motor Company. (01:08)
Help I need a Production Company Fast #1
Quick down and dirty videos for Meeting planners looking for a corporate production company to help with event and meeting production. Strategy, message and content then the tools needed to get engage and move the target audience to action! (03:03)
NewsCorp - Video Profile
This video profile focus' on the history and progression of the big company NewsCorp. (01:59)
Forming an LLC
Why are so many companies forming "LLCs"? Are they really easier to run than corporations? (01:20)
General Electric - Video Profile
This video profile focus' on the history and progression of the big company General Electric. (02:15)
Maxwell, Turner & Associates, Inc has developed the highly reviewed Litigation Flow Chart in an effort to assist its clients and the general public in interpreting and understanding the steps associated with civil litigation.
Fire extinguisher maintenance needn't cost a bomb. Here are a few tips on how to cut costs on your service bill.
This article outlines the most basic steps for fire safety in your home.
This paper argues that restricting HIV/AIDS victims from realization of their fundamental human rights offends both municipal and international human rights norms and constitutes a threat to socio-economic development in sub-Sahara Africa. It is the contention of the paper that the bulk of HIV/AIDS infested people in this region of Africa are among the economically and socially vibrant members of society challenging the very notions of development and the capacity of societies.
The global cooperation inspired the drafting of United Nations Charter in 1945. The universal Declaration of human Rights elaborates the range of human rights that should be available to every human being. Most world leaders agree that access to food is a fundamental right, but almost one billion people are hungry and the right to food is set aside for other aims. The right to food is related to inherent right to life. Is there need to enshrine this right into countries' Constitutions?
The new FRB regulation on depositing currency has caused a lot of confusion for financial institutions. This article discusses what the regulations mean and how it may affect you.
Do not confuse stages of money laundering stages with steps or transaction. Especially in large dollar amounts, successful laundering is much more than 1-2-3 done. While some transactions can be very simple, others are complex and take much time and effort in order to avoid detection – and that is the ultimate goal.
Most people go through each day giving no thought whatsoever to money laundering, yet, whether you choose to think about it or not, money laundering, and the efforts to fight it, can impact you directly – in your business or in your own home.
Inventory management involves the control of the current assets, namely raw materials; work in process and finished goods. The main objective of inventory management is to minimize the total cost- both direct and indirect, which are associated with holding the inventories. A reduction in the excessive inventories has a favourable impact on the company’s profitability.
A business is an activity that is carried on with an intention of earning profits. It has different operations involved like production, marketing & finance. The finance function is the most important function and greatly affected by the forms of organization.Profit is the difference between sales revenue and the total cost.corporate undertaking is having the limited liability staus. other firms namely Partnership and sole trading concen are having unlimite liability status.
The quality of future human activity and development is increasingly dependent on maintaining balance between continued economic and social development without detriment to the environment and natural resources. The Corporate sector has a significant role in promoting sustainable development
The goal of the management should be to achieve the objective of the corporate owners, who are the suppliers of capital, namely shareholders. The finance manager's function is not to fulfill his own objectives, which may include higher salaries, earning reputation or maintaining and advancing his personal power and prestige. It is, rather, to the extent manager is successful in this endevour and he will also achieve his personal objectives.
The General insurance companies must meet the need for more personalized loom to handle the customer. With the explosion of Website and greater access to direct product or policy information, there is a need to develop better techniques to give customers a truly personalized experience. Personalization helps organizations to reach their customers with more impact and to generate new revenue through cross selling and up selling activities.
Institutional Training is an organized procedure for increasing the knowledge and skill of employees and trainees for a specific purpose. The trainees acquire new skill, technical knowledge, problem solving ability, etc. It also gives an awareness of the rules and procedures to guide their behavior. Training improves the performance of employees on present jobs and prepares them for taking up new assignments in future
The business of insurance is nothing but one of sharing of risks.Insurers play an important role in the social security schemes sponsored by the Government. The system of insurance provides numerous direct and indirect benefits to the individual and his family as well as to industry, community at large.Insurance Regulatory and Development Authority, an interim body was formed in the year 1999 and the act was passed
Performance management is the methods of generating a work situation or background in which people are make possible to execute to the best of their abilities. Further it is a entire work structure that begins when a job is defined as needed. It ends when an employee leaves your organization. Many writers and consultants are using the term “performance management” as a substitution for the traditional appraisal system. I give confidence you to think of the term in this broader job system framework.
