Incorporation transformation

It is a sign of surging economic growth and the popularity of MCA21, the Ministry of Company Affairs (MCA) portal to allow on-line incorporation of companies. Either way, it has become the 'most popular government portal ' with 3 million hits a day, says Tanmoy Chakrabarty, vice-president, TCS, which built the portal. He says it’s doing "thousands of transactions" from 20 offices of the Registrar of Companies around India and 'hundreds of companies' have already been registered online. Further, the New Delhi office is doing 100 per cent electronic filing of forms through www.mca.gov.in with respect to 61 eforms notified and available on the portal. In fact, barring the teething troubles involved in getting people to switch from one system to another, the technology allows companies register in an hour after name availability is confirmed.