FM Sitharaman launches Central Scrutiny Centre to scrutinise user filings

FM Sitharaman launches Central Scrutiny Centre to scrutinise user filings

The two initiatives aim to strengthen Prime Minister Narendra Modi's vision of 'Digitally empowered India', the Ministry of Corporate Affairs (MCA) said.

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Going ahead, the finance minister said, MCA would bring in more tech-enabled services for 'ease of doing business' and ease of living.Going ahead, the finance minister said, MCA would bring in more tech-enabled services for 'ease of doing business' and ease of living.
BusinessToday.In
  • Mar 25, 2021,
  • Updated Mar 25, 2021 6:55 PM IST

Minister of Finance and Corporate Affairs Nirmala Sitharaman on Thursday virtually launched Central Scrutiny Centre (CSC), an initiative of Corporate Affairs Ministry, to scrutinise the filings by users under straight through processes. The finance minister also launched the mobile app of Investor Education and Protection Fund Authority (IEPFA).

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The two initiatives aim to strengthen Prime Minister Narendra Modi's vision of 'Digitally empowered India', the Ministry of Corporate Affairs (MCA) said in a release.

The objective behind the launch of CSC is to ensure that data quality is uncompromised and free from flaws, Sitharaman said. CSC will primarily scrutinise the filings made by users under straight through processes, identify data quality issues and irregularities, and communicate the same to the concerned Registrar of Companies so that corrective steps can be taken to restore authenticity and correctness of data and it can be seamlessly shared with other regulators, if required.

On IEPFA's app, Sitharaman said, "The mobile app aims at achieving the goal of financial literacy, spreading investor awareness, education, and protection among investors. Our prime goal here is to push Ease of Living."

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Don't see rating downgrade for India: FM Nirmala Sitharaman

Minister of Finance and Corporate Affairs Nirmala Sitharaman on Thursday virtually launched Central Scrutiny Centre (CSC), an initiative of Corporate Affairs Ministry, to scrutinise the filings by users under straight through processes. The finance minister also launched the mobile app of Investor Education and Protection Fund Authority (IEPFA).

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The two initiatives aim to strengthen Prime Minister Narendra Modi's vision of 'Digitally empowered India', the Ministry of Corporate Affairs (MCA) said in a release.

The objective behind the launch of CSC is to ensure that data quality is uncompromised and free from flaws, Sitharaman said. CSC will primarily scrutinise the filings made by users under straight through processes, identify data quality issues and irregularities, and communicate the same to the concerned Registrar of Companies so that corrective steps can be taken to restore authenticity and correctness of data and it can be seamlessly shared with other regulators, if required.

On IEPFA's app, Sitharaman said, "The mobile app aims at achieving the goal of financial literacy, spreading investor awareness, education, and protection among investors. Our prime goal here is to push Ease of Living."

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Don't see rating downgrade for India: FM Nirmala Sitharaman

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