MCA introduces e-adjudication platform
The Ministry of Corporate Affairs (MCA), via Notification No.
G.S.R. 476(E) announced the Companies (Adjudication of Penalties)
Amendment Rules, 2024. These new rules are set to come into force
on 16 September 2024 and represent a significant
shift towards digitalization in the adjudication process.
Highlights of the notification
The key aspect of this notification is the introduction of Rule 3A
in Companies (Adjudication of Penalties) Amendment Rules, 2014,
which mandates the use of electronic modes for all proceedings
under these rules. This encompasses issuing notices, submitting
replies or documents, handling evidence, conducting hearings,
attending to witnesses, passing orders, and even the payment of
penalties. These processes will now be carried out exclusively
through the newly developed e-adjudication platform by the Central
Government.
