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MCA-21 3.0 portal to reduce compliance burden on startups with AI, ML tech

Shortpedia

Content Team
Image Credit: economic times

Finance Minister Nirmala Sitharaman has proposed to use data analytics, artificial intelligence, machine learning to make regulatory filings more frictionless for businesses and startups in a revamp of the ministry of corporate affairs (MCA) portal. The government had said that the ministry would look to introduce AI-based features in MCA-21 when version 3.0 of the portal is rolled out.