MCA’s research and analysis wing issues guidelines for funding research studies
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- By Taxmann
- Last Updated on 14 May, 2022
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.
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