The Ministry of Corporate Affairs plans to provide funds for carrying out research works based on its extensive corporate sector database, as part of efforts to ensure wider dissemination of such data.
The proposal is part of the Ministry's 'Corporate Data Management' scheme, that aims to make use such information mainly for the purpose of analysis and research.
The Ministry, which is implementing the companies law, maintains a database of all the corporates registered in the country. India has more than 14 lakh entities registered under the Companies Act.
As part of the 'Corporate Data Management' scheme, the Ministry has now finalised guidelines for extending funds to projects related to the programme.
The primary objective of funding research and studies, workshops and conferences, among others, is to "better utilise the repository of corporate sector data" available under the MCA21 e-governance system.
According to the Ministry, the idea of providing funds is to "extract knowledge from data that will eventually inform policy and facilitate decision making in a market driven economy".
MCA21 portal is the key platform for companies for submitting the required documents and filings to the Registrar of Companies (RoC). Besides, the website provides public access to corporate information.
Funds are planned to be given for seminars, workshops, conferences, symposia and publications -- reports, books and monographs --which extract knowledge primarily from the Ministry's database and other sources, having implications for corporate governance and faster, sustainable and inclusive growth.
"The grant-in-aid in respect of a proposal to an Institution will not exceed Rs 15,00,000 and the corresponding ceiling in respect of an individual will be Rs 5,00,000," the Ministry has said.
