Soon, corporate lawyers and executives will no longer have to turn up at company registrar offices for case hearings, with the government preparing the ground for virtual hearings on its MCA21 portal. The ministry of corporate affairs (MCA) is set to roll out e-adjudication on its statutory filing portal by March, two people familiar with the development said, drawing comfort from the record number of return filings this year. Once it is launched, all proceedings by the registrars of companies (RoCs) related to company law breaches and defaults will be conducted entirely online. Some company representatives also prefer physical meetings as they believe they can present more convincing answers at in-person meetings. Virtual hearings are designed to manage the rising volume of adjudication procedures at the RoC and regional directors (RD), one of the expert said.

Source: Mint December 16, 2023 23:41 UTC