MCA’s research and analysis wing issues guidelines for funding research studies

  • Blog|Company Law|News|
  • 51 Views
  • |
  • < 1 minute
  • By Taxmann
  • |
  • Last Updated on 14 May, 2022

research studies funding by MCA

News Dated, 11.05.2022

The MCA has issued guidelines for funding research studies on corporate governance. The primary objective of the scheme is to better utilise the repository of corporate sector data available with the MCA 21, explore and expand the scope of utilization of MCA-21 Database, formulate research studies.

Further, the scope of research studies includes:

(a) Integration of MCA 21 Database with other databases,

(b) Data Characterization,

(c) Network Analytics,

(d) Related Party Transactions,

(e) Corporate Governance Index,

(f) Use of MCA 21 database to study financial statements of bankrupt firms to develop a model for prediction of probability bankruptcy in firms,

(g) Use of AI tools and Machine learning for analysis of topics like insolvency forecast & financial stress analysis in different sectors,

(h) Utilization of XBRL format,

(i) Auditor’s role, Accounting Standards and their monitoring with respect to compliance by firms and their congruence with the global financial landscape etc.

Click Here To Read The Full Guideline

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Leave a Reply

Your email address will not be published. Required fields are marked *

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied