According to the project, called DCA-21, India-based IT company Tata Consultancy Services (TCS) will address the administrative failure to keep pace with the growth of the corporate sector by computerizing the filing and registration of financial documents.
As part of DCA-21, TCS will design and implement the project until its roll out, operate and maintain the system for six years and undertake necessary replacement investments at the end of 3rd year, or beginning of the 4th year.
It is hoped that the project, estimated to cost an amount of Rs. 341 crores or $78.2m in all, will save time and costs of compliance under the Companies Act and provide enhanced access to company data to the public, financial institutions and other stakeholders.
