rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Infosys to take over Corp Affairs Min's project

Infosys to take over Corp Affairs Min's project

January 16, 2013 15:13 IST

InfosysInfosys will take over the Corporate Affairs Ministry's ambitious e-governance initiative MCA-21 from Thursday.

Infosys would take over the programme from its rival Tata Consultancy Services.

The second phase of the e-governance initiative would, among others, see gradual replacement of desktops, printers and scanners.

It is designed to fully automate all processes related to enforcement and compliance of the legal requirements under the Companies Act.

"The operator for MCA-21 project is changing with effect from Thursday from TCS to Infosys," the Corporate Affairs Ministry said in a public announcement on Wednesday.

The second phase of MCA21, from January 2013 to July 2021, has a total project outlay of Rs 357.81 crore (Rs 3.57 billion).

The amount includes Rs 54.42 crore (Rs 544.2 million) for independent project management and certification, besides Rs 29.84 crore (Rs 298.4 million) for continuous improvement and upgradation to the electronic service delivery of the Corporate Affairs Ministry.

Infosys bagged the MCA-21 contract for a period of five years for about $50 million in November last year.

The IT firm had said it would revamp the existing application after the transition from the incumbent vendor and manage the overall transformation.

The new features of the latest phase of MCA-21 include replacement of existing desktops, printers and scanners as well as replacement of out-of-support servers and associated infrastructure.

Among others, MCA21 envisages electronic filing of documents, registration of companies and public access to corporate information online through a secure interactive portal.

© Copyright 2013 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.