ROC Master Data
The Registrar of Companies (ROC) is the Indian government agency responsible for enforcing corporate law. The main task of the ROC is to maintain a database of all registered companies in the country.
The ROC master data database contains details about the company name, registered office address, directors, shareholders, authorized capital and other details.
ROC Master Data is a valuable source of information used by a wide range of stakeholders, including investors, creditors, regulators and other stakeholders, to study the performance and compliance of Indian companies.
This blog post examines ROC master data and describes its many features and benefits. It also explains how to correctly access and use the data and highlights of master data.
What is Master Data in ROC?
The Ministry of Corporate Affairs (MCA) of India maintains basic data about companies known as master data in the Registrar of Companies (ROC). Master Data includes information such as company name, registration number, registered office address, directors, authorized and paid-up capital, date of incorporation and other important company information.
Master data is used by various stakeholders, including government agencies, banks, financial institutions, and other organizations, to verify the legitimacy and accuracy of corporate information. The master data is updated periodically to reflect any changes made to company information, such as the election or resignation of directors, changes in the company’s registered address, and any increase or decrease in share capital.
ROC master data is publicly available and can be found on the MCA website. This data helps investors, creditors, suppliers and other stakeholders to make informed decisions about their interactions with the company.
What is ROC and MCA?
Both ROC and MCA deal with the registration and regulation of companies in India. Each set is briefly defined below.
In India, ROC (Registrar of Companies) is an office of the Ministry of Enterprises (MCA). Under the Companies Act, 2013, ROC is responsible for the registration and regulation of companies and LLPs (Limited Liability Partnerships) in India. ROC has a register of all Indian companies and records of annual reports such as annual accounts, annual reports, and other required submissions.
MCA (Ministry of Corporate Affairs) is the Indian government ministry responsible for enforcing regulations governing the business operations of Indian companies. The MCA is responsible for formulating policies and laws governing the formation, management, regulation and dissolution of companies. It also maintains a database of all Indian companies and offers various online services related to company registration, compliance and filing.
How do I Change My Email id on ROC Master Data?
Follow the below mentioned steps to change the email id on the ROC master data.
- Log in to the MCA Portal with valid credentials.
- Click the username.
- The username will be shown in the upper left corner of the dashboard.
- Change the information you want to update.
- Click on ‘Change Your Profile’.
- Enter the new email address and then click ‘Update’.
On completion of the process, a success message is displayed on the screen.
What is V3 Filing in MCA?
The MCA21 V3 project is a technology-driven, future-oriented project aimed at enhancing enforcement, facilitating ease of doing business, improving the user experience, and facilitating seamless integration and data exchange between regulators. It offers a range of services related to the administration of company law, such as company incorporation, annual reports and financial statements filing, and other regulatory compliances.
What is MCA21 Data?
The MCA21 record contains a wealth of information about Indian companies such as name, registered address, directors, shareholders and financial statements.
Some of the main types of MCA21 data are
- Company master data: This information includes the company name, registered office address, date of incorporation, and authorized and paid-up capital.
- Director master data: This information includes company director details such as name, designation, date of appointment and DIN (Director Identification Number).
- Annual return data: It provides information about the company’s annual revenue. This includes facts about financial performance and regulatory compliance such as the date of last filed annual return.
- Charge data: Liability documents, such as mortgages, bonds, and liens, are documents that prove the formation of collateral for the company’s assets.
- Bankruptcy proceedings data: The MCA21 Portal also provides information on corporate insolvency proceedings, including the status of ongoing proceedings and the appointment of insolvency experts.
- Compliance certificate data: Companies file certificates of compliance to prove that they comply with certain aspects of company law.
What Are The Salient Features of MCA21?
MCA 21 offers various services. Below are the salient features of MCA 21.
- Electronic inspection:
The MCA is in the process of establishing a central scrutiny cell that will review certain Straight Through Process (STP) forms submitted by companies to the MCA21 Registry and flag companies for a more thorough review.
- Electronic judgment:
The e-Adjudication module has been developed to manage the growing number of adjudication proceedings by the Registrar of Companies (RoC) and Regional Directors (RD), enabling end-to-end digitization of the adjudication process for ease of use. It serves as a platform for conducting online stakeholder consultations and end-to-end electronic adjudication.
- Electronic consultation:
To automate and improve the current process of public consultation on proposed changes, drafts, etc., the MCA21 v3 e-consultation module provides an online platform for proposed changes. and related recommendations in a structured digital format.
In addition, the system enables AI-driven sentiment analysis, consolidation and classification of stakeholder input, and reporting based on this as an MCA reference.
- Compliance Management System (CMS):
CMS works with MCA to find violating entities and limited liability partnerships (LLPs), electronically notify them of their violations, and develop notices for MCA’s internal users. CMS serves as a technology platform or solution for MCA enforcement campaigns and rule-based compliance checks, with MCA issuing electronic notifications for efficient enterprise management.
- MCA lab:
As part of MCA21 V3, an MCA LAB of corporate law experts will be established. The main task of the MCA Lab is to assess and continuously improve the efficiency of the compliance management system, electronic consultation module, enforcement module, etc. Given the dynamic corporate ecology, the lab assists MCA in ensuring the accuracy of results from these essential modules.
- Chatbot-enabled support desk:
A cognitive chatbot-enabled help desk, mobile apps, interactive user dashboards, enhanced user experience using UI/UX technologies, and seamless data delivery via APIs are all features of MCA21 V3.
ROC Master Data is a must-have resource for anyone wanting to learn more about corporate performance and compliance in India. ROC master data comprehensively covers many aspects of a company, from names and addresses to directors details, providing critical data for due diligence, decision-making, and compliance purposes.
Contact us today at Instafiling to learn more about how you can use ROC Master Data for your company needs.
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